Latest news with #KaynesTechnologyIndia
Business Standard
27-06-2025
- Business
- Business Standard
Kaynes Tech gains after incorporating subsidiary, KSTPL to enter space sector
Kaynes Technology India rose 1.35% to Rs 5,848.35 after the company incorporated a wholly-owned subsidiary, Kaynes Space Technology (KSTPL) to develop satellites of all classes. The company aims to design, develop, and manufacture satellites of all classes and mission-specific payloads for diverse application such as communication, earth observation, defense, and scientific research. It will also create modular satellite platforms and indigenous launch vehicles for various orbits (LEO, MEO, GEO, and beyond), focusing on cost-effective, reusable, and sustainable technologies. The company also intends to establish complete infrastructure for launch operations, ground control systems, and satellite lifecycle management, including mission planning, integration, and in-orbit servicing. It will invest in R&D in areas like space propulsion, miniaturization, AI-based autonomy, and inter-satellite networks, while collaborating with academia, space agencies, and industry. Additionally, it will develop space-based applications like border surveillance and disaster monitoring, and continuously upgrade its technologies to stay at the forefront of space innovation. The company acquired 100% of the shareholding in Kaynes Space Technology at a price per share of Rs 10 for a total consideration of Rs 10 lakh. Kaynes Technology India is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India, having capabilities across the entire spectrum of electronics system and design manufacturing (ESDM) services. The companys consolidated net profit jumped 43% to Rs 116.20 crore on a 54.5% increase in net sales to Rs 984.48 crore in Q4 FY25 over Q4 FY24.
&w=3840&q=100)
Business Standard
20-06-2025
- Business
- Business Standard
Kaynes Technology gains 4% after launching QIP to raise ₹1,600 cr; Details
Kaynes Technology India shares jumped 3.9 per cent in trade on Friday, June 20, 2025, logging an intraday high at ₹5,825.5 per share on BSE. The stock was in demand after the company launched its qualified institutional placement (QIP) to raise funds worth ₹1,600 crore. At 9:54 AM, Kaynes Tech share price was trading 2.78 per cent higher at ₹5762.8 per share on the BSE. In comparison, the BSE Sensex was up 0.39 per cent at 81,679.52. The company's market capitalisation stood at ₹36,930.5 crore. Its 52-week high was at ₹7,824.95 per share and 52-week low was at ₹3,729.7 per share. Kaynes Technology QIP details On Thursday, after market hours, Kaynes Technology launched its QIP at a floor price of ₹5,625.75 per share which was a premium of 0.33 per cent from the previous day's close at ₹5,606.8 per share. "At its meeting held today i.e. June 19, 2025, inter alia, passed resolutions for authorized the opening of the Issue today, i.e. June 19, 2025, approving the floor price for the Issue, being ₹5,625.75 per equity share (Floor Price), based on the pricing formula as prescribed under Regulation 176 of the Sebi ICDR Regulations; and approving and adopting the preliminary placement document dated June 19, 2025, together with the application form in connection with the Issue," the filing read. From this QIP, the company aims to raise up to ₹1,600 crore. "Raising of funds through issuance of instruments or security including equity shares or any other eligible securities by way of one or more public and/or private offerings including on a preferential allotment basis and/or a qualified institutions placement and/or rights issue and/or further public offering for an amount not exceeding ₹16,000 million in terms of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations," the company had informed on January 22, 2025. About Kaynes Technology Kaynes Technology is an end-to-end and IoT solutions-enabled integrated electronics manufacturer in India. The company has over three decades of experience in providing Conceptual Design, Process Engineering, Integrated Manufacturing and Life Cycle Support for major players in the Automotive, Industrial, Aerospace and Defence, Outer-space, Nuclear, Medical, Railways, Internet of Things ('IoT'), Information Technology ('IT') and other segments. It manufactures products at variable or flexible volumes across all industry verticals.
Business Standard
20-06-2025
- Business
- Business Standard
Kaynes Technology gains on launching QIP
Kaynes Technology India rose 2.43% to Rs 5,742.90 after the company said that its board approved the issue of qualified institutional placement (QIP) of equity shares with the floor price of Rs 5,625.75 per equity share. The company's board authorized and declared the opening of the issue on Thursday, 19 June 2025. The floor price of Rs 5,625.75 is at a premium of 0.34% to the scrips previous closing price of Rs 5,606.80 on the BSE. The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined in consultation with the book running lead managers appointed for the issue. Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India, having capabilities across the entire spectrum of electronics system and design manufacturing (ESDM) services. The companys consolidated net profit jumped 43% to Rs 116.20 crore on a 54.5% increase in net sales to Rs 984.48 crore in Q4 FY25 over Q4 FY24.
Business Standard
11-06-2025
- Business
- Business Standard
Kaynes Tech arm inks pact with Fujitsu Electronics to acquire assets
Kaynes Technology India announced that its wholly owned subsidiary, Kaynes Semicon has entered into asset purchase agreement (APA) with Fujitsu General Electronics (Fujitsu Electronics) to acquire the production lines for power modules. Under the agreement, Kaynes Semicon will acquire production lines for power modules and the identified assets from Fujitsu Electronics based on the terms, conditions as set out in the APA. The company will acquire the assets owned by the Fujitsu Electronics for total consideration of JPY 15.91 billion. Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India, having capabilities across the entire spectrum of electronics system and design manufacturing (ESDM) services. The companys consolidated net profit jumped 43% to Rs 116.20 crore on 54.5% increase in net sales to Rs 984.48 crore in Q4 FY25 over Q4 FY24. The counter rose 0.15% to Rs 5,595.40 on the BSE.
News18
04-06-2025
- Business
- News18
Kaynes Tech's promoter pares 1.8 pc stake for Rs 624 crore
Agency: PTI Last Updated: New Delhi, Jun 4 (PTI) A promoter of the Mysuru-based Kaynes Technology India on Wednesday divested a 1.8 per cent stake in the company for Rs 624 crore through open market transactions. According to the bulk deal data, promoter Ramesh Kunhikannan sold 6.25 lakh shares of Kaynes Technology India on the NSE and offloaded 5 lakh shares of Kaynes on the BSE — cumulatively a 1.8 per cent stake in the company. The shares were disposed of in the price range of Rs 5,550.87-5,553.03 apiece, taking the combined transaction value to Rs 624.58 crore. After the latest transaction, Kunhikannan's stake in Kaynes Technology India came down to 55.91 per cent from 57.71 per cent. Details of the buyers of Kaynes Technology India's shares could not be ascertained on the exchanges. Shares of Kaynes Technology India fell 0.97 per cent to close at Rs 5,730.05 apiece on the BSE, and dropped by 0.86 per cent to settle at Rs 5,738.50 per piece on the NSE. In a separate bulk deal on the NSE, the Motilal Oswal Foundation sold 37.04 lakh shares or 0.62 per cent stake in Motilal Oswal Financial Services for Rs 305 crore through an open market transaction. The shares were offloaded at an average price of Rs 825.01 apiece, taking the deal value to Rs 305.58 crore. First Published: June 05, 2025, 00:45 IST
