Investment13 Nov 2026, 02:03 pm
Kinetic Engineering Invests ₹42 Cr in Subsidiary
AI Summary
Kinetic Engineering Ltd has announced an investment of ₹42,00,00,000/- (₹42 Crore) in its subsidiary, Kinetic Watts and Volts Limited (KWVL). This investment comprises the subscription of 4,20,00,000 equity shares at par, increasing Kinetic Engineering's shareholding in KWVL from 86.15% to 90.11%. KWVL is engaged in the electric mobility and electric vehicles sector. The transaction is considered a related party transaction and has been conducted on an arm's length basis.
Key Highlights
- Kinetic Engineering invested ₹42 Crore in subsidiary KWVL.
- Shareholding in KWVL increased to 90.11%.
- KWVL operates in the electric mobility and EV sector.
- Transaction is on an arm's length basis.
- Investment supports business in the Automobile industry.
Price Impact
More from KINETICENG