Mumbai, October 24 (Udaipur Kiran): Shares of Kaynes Technology India moved higher today after its wholly owned subsidiary, Kaynes Holding Pte (Kaynes Singapore), signed a Share Purchase Agreement (SPA) with Frauscher Sensor Technology Group GmbH for the acquisition of an additional 7% stake in Sensonic GmbH.
The proposed acquisition will be made through the purchase of shares owned by Frauscher Sensor Technology Group GmbH for a consideration of one Euro.
At the BSE, Kaynes Technology was trading at Rs. 6761.05, up 71.05 points or 1.06% from its previous close of Rs. 6690.00. The scrip opened at Rs. 6759.80 and recorded a high of Rs. 6790.00 and a low of Rs. 6705.15 during the day, with 3,395 shares traded on the counter.
The stock, part of the BSE Group ‘A’, has a face value of Rs. 10 and a 52-week range between Rs. 3835.00 (11-Feb-2025) and Rs. 7824.95 (01-Jan-2025). The company currently commands a market capitalisation of Rs. 45,100.24 crore.
As per the latest shareholding pattern, promoters hold 53.46%, while institutional and non-institutional investors own 34.37% and 12.17% respectively.
Kaynes Technology India is an end-to-end, IoT-enabled integrated electronics manufacturing company offering complete electronics system design and manufacturing (ESDM) solutions across various sectors.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
