Airfloa Rail Acquires KIN Railway Assets for ₹40.8 Cr

Airfloa Rail Technology Ltd has signed an Asset Sale & Purchase Agreement with KIN Railway Equipment Private Limited (KIN) for the acquisition of specified assets and business of KIN. The total consideration for the transaction is ₹40,80,05,000 (₹40.80 Crore). The acquisition includes plant and machinery, inventory, customer and vendor contracts, licenses, intellectual property rights, and goodwill. The company will take over operations from November 16, 2026, with the closing date set for November 30, 2026. This strategic acquisition is expected to significantly enhance Airfloa Rail's business operations, technical capabilities, and market presence, particularly in domestic and international metro and high-speed train segments. The deal is not a related party transaction.