Kaynes Technology India rises on acquiring 100% shareholding in ESSNKAY Electronics LLC
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Kaynes Technology India is currently trading at Rs. 2630.85, up by 14.25 points or 0.54% from its previous closing of Rs. 2616.60 on the BSE.
The scrip opened at Rs. 2607.10 and has touched a high and low of Rs. 2661.85 and Rs. 2607.10 respectively. So far 818 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3248.00 on 05-Mar-2024 and a 52 week low of Rs. 1,075.00 on 17-May-2023.
Last one week high and low of the scrip stood at Rs. 2661.85 and Rs. 2425.00 respectively. The current market cap of the company is Rs. 16810.77 crore.
The promoters holding in the company stood at 57.83%, while Institutions and Non-Institutions held 32.56% and 9.61% respectively.
Kaynes Technology India has made investment in ESSNKAY Electronics LLC (EEL). The cost of acquisition is 12,000 units at $100 per unit. The company has acquired 100% of the shareholding in EEL. ESSNKAY Electronics LLC is a newly formed Limited Liability Company.
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.
