Kaynes Technology India has received approval for the further investment for an amount up to $17.70 million towards acquisition of Equity Shares up to 17,524,752 of Kaynes Holding, wholly owned subsidiary of the company, in one or more tranches, 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 strategic investments/ acquisitions.
Kaynes Technology India 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.
