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.
