Acquisitions23 Oct 2025, 06:11 pm
Kaynes Technology India Ltd Subsidiary to Acquire Additional 7% Stake in Sensonic GmbH
AI Summary
Kaynes Holding Pte Ltd, a wholly owned subsidiary of Kaynes Technology India Limited, has entered into a Share Purchase Agreement with Frauscher Sensor Technology Group GmbH to acquire an additional 7% stake in Sensonic GmbH. The agreement was executed on October 20, 2025, and the purchase price is One Euro. This acquisition will not impact the management and control of the Company. Kaynes Holding Pte Ltd already holds a 54% stake in Sensonic GmbH.
Key Highlights
- Kaynes Holding Pte Ltd, a subsidiary of Kaynes Technology India Limited, to acquire additional 7% stake in Sensonic GmbH
- Share Purchase Agreement executed on October 20, 2025
- Purchase price is One Euro
- Kaynes Holding Pte Ltd already holds a 54% stake in Sensonic GmbH
- No impact on management and control of the Company