Acquisitions28 Jul 2025, 07:57 pm
Kaynes Technology India Ltd Acquires Stakes in Three Companies for Over Rs. 43 Crores
AI Summary
Kaynes Technology India Ltd has approved the acquisition of stakes in three companies, namely Aerocaliph Components Private Limited, Cryo Precision Technologies Private Limited, and Tranzmeo IT Solutions Private Limited. The total consideration for the acquisitions is over Rs. 43 crores. The acquisitions are aimed at expanding the company's facilities and capitalizing on the upcoming possibilities and opportunities in the field of aerospace manufacturing and deep-tech sectors in India. The acquisitions are expected to be completed by 30th September 2025.
Key Highlights
- Kaynes Technology India Ltd is acquiring stakes in three companies for over Rs. 43 crores
- The acquisitions are aimed at expanding the company's facilities and capitalizing on the upcoming possibilities and opportunities in the aerospace manufacturing and deep-tech sectors in India
- The acquisitions are expected to be completed by 30th September 2025
- Aerocaliph Components Private Limited is being acquired for Rs. 60,27,414 (76% stake)
- Cryo Precision Technologies Private Limited is being acquired for Rs. 7,03,366 (16% stake)
- Tranzmeo IT Solutions Private Limited is being acquired for Rs. 43,08,97,680 (11.13% stake)