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Kinetic Engineering subscribes additional equity shares of Kinetic Watts and Volts

07 Dec 2024 Evaluate

Kinetic Engineering has subscribed additional 22,90,000 equity shares at the rate of Rs 10 each amounting to Rs 2.29 crore of its subsidiary company -- Kinetic Watts and Volts. The investment in subsidiary company is to carry out business in the field of Automobile.

Post allotment of equity shares Kinetic Engineering holds 83.78% of total paid up share capital of Kinetic Watts and Volts.

Kinetic Engineering (Kinetic) is a manufacturer of high technology components and assemblies with a focus on Power Train Components and assemblies.

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