Kaynes Technology moves up as its arm signs SPA with Frauscher Sensor Technology Group GmbH
Kaynes Technology India is currently trading at Rs. 6761.05, up by 71.05 points or 1.06% from its previous closing of Rs. 6690.00 on the BSE.
The scrip opened at Rs. 6759.80 and has touched a high and low of Rs. 6790.00 and Rs. 6705.15 respectively. So far 3395 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7824.95 on 01-Jan-2025 and a 52 week low of Rs. 3835.00 on 11-Feb-2025.
Last one week high and low of the scrip stood at Rs. 7079.35 and Rs. 6632.90 respectively. The current market cap of the company is Rs. 45100.24 crore.
The promoters holding in the company stood at 53.46%, while Institutions and Non-Institutions held 34.37% and 12.17% respectively.
Kaynes Technology India’s wholly owned subsidiary -- Kaynes Holding Pte (Kaynes Singapore) has entered into a share purchase agreement (SPA) with Frauscher Sensor Technology Group GmbH for further acquisition of 7% stake in Sensonic GmbH. The proposed acquisition shall be through purchase of shares owned by Frauscher Sensor Technology Group GmbH for consideration of One Euro.
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.
