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KPIT Technologies gains on acquiring additional 13% shareholding in N-Dream AG
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KPIT Technologies is currently trading at Rs. 1727.15, up by 12.75 points or 0.74% from its previous closing of Rs. 1714.40 on the BSE.
The scrip opened at Rs. 1739.00 and has touched a high and low of Rs. 1741.00 and Rs. 1718.05 respectively. So far 14017 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1928.75 on 12-Jul-2024 and a 52 week low of Rs. 1,092.90 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 1741.00 and Rs. 1641.00 respectively. The current market cap of the company is Rs. 47411.80 crore.
The promoters holding in the company stood at 39.47%, while Institutions and Non-Institutions held 38.87% and 21.66% respectively.
KPIT Technologies has acquired additional 13% shareholding in N -Dream AG (N-Dream) for cash consideration of Euro 2.3 million as primary investment and Euro 0.7 million as secondary investment.
With this additional share purchase, KPIT continues to hold minority and non-controlling equity holding in N-Dream. The further acquisition of 13% shareholding in N-Dream is to take the total shareholding of KPIT to 26% in N-Dream.
KPIT Technologies is a global technology company with software solutions that will help mobility leapfrog towards an autonomous, clean, smart and connected future.
