Kaynes Technology India has planned to further invest an amount up to $1,900,000 towards 18,71,280 Equity Shares of Kaynes Holding, wholly owned subsidiary of company, at an issue price of $1.01 per share.
The main object is to expand the business presence, including but not limited to, in the field of electronics system design and manufacturing, and also to facilitate/ undertake few strategic investments/ acquisitions. The said transaction is expected to be completed by February 28, 2025.
Kaynes Technology India (KTIL) is an end-to-end and IoT solutions enabled integrated electronics manufacturing player, having capabilities across the entire spectrum of electronics system design and manufacturing (ESDM) services.
