KEC International has received an approval for investment in the equity shares of KEC Asian Cables, up to an amount not exceeding Rs 118.75 crore, by way of subscribing to the rights issue in one or more tranches; and investment in the equity shares of KEC Power India, up to an amount not exceeding Rs 6.25 crore, by way of subscribing to the rights issue in one or more tranches. KEC Asian Cables and KEC Power India are subsidiaries of the Company.
The Finance Committee of the company, at its meeting held on December 30, 2024, has approved the investment in subsidiaries of the Company.
KEC International is a global infrastructure EPC major. It has presence in power transmission and distribution, cables, railways, water, renewables and civil.
