Investment1 April 2026 at 04:44 am
Kinetic Engineering Invests INR 10 Crore in Subsidiary Kinetic Watts and Volts Limited
AI Summary
Kinetic Engineering Ltd. has invested INR 10 Crore in its subsidiary, Kinetic Watts and Volts Limited (KWVL). The investment was made by subscribing to 1,00,00,000 equity shares at INR 10/- each. Post investment, Kinetic Engineering Ltd. holds 82.89% of the total paid-up share capital of KWVL. KWVL, incorporated on 27th September 2022, is a subsidiary of Kinetic Engineering Ltd. and operates in the automobile industry.
Key Highlights
- Kinetic Engineering Ltd. invests INR 10 Crore in its subsidiary, Kinetic Watts and Volts Limited
- Investment made by subscribing to 1,00,00,000 equity shares at INR 10/- each
- Post investment, Kinetic Engineering Ltd. holds 82.89% of the total paid-up share capital of KWVL
- KWVL incorporated on 27th September 2022 and operates in the automobile industry