KPIT Technologies’ arm gets nod to acquire 65% stake in SOMIT Solutions

kpit technologies trades higher on the bse

KPIT Technologies’ Wholly owned subsidiary — KPIT Technologies (UK) has received an approval for the acquisition of initial 65% shareholding in SOMIT Solutions (SOMIT). Over a period of six months, KPIT Technologies (UK) will acquire the balance shareholding. The objects of acquisition is complements KPIT’s aftersales diagnostics platform and strengthens its positioning to cater to … Read more

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