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Kaynes Technology to invest $17.7M in wholly owned subsidiary
short by / on Saturday, 5 July, 2025
Kaynes Technology India Ltd will invest $17.7 million in its Singaporean subsidiary, Kaynes Holding Pte. Ltd, acquiring 17,524,752 additional equity shares. This cash investment, expected by June 30, 2026, aims to expand Kaynes Technology's electronics system design and manufacturing business and facilitate strategic acquisitions. Kaynes Technology will retain 100% ownership of its subsidiary.