Investment24 May 2025, 11:21 am
Kinetic Engineering Invests INR 10 Crore in Subsidiary Kinetic Watts and Volts Ltd
AI Summary
Kinetic Engineering Ltd has invested INR 10 Crore in its subsidiary, Kinetic Watts and Volts Ltd. The investment was made by subscribing to 1,00,00,000 equity shares at INR 10/- each. Post-investment, Kinetic Engineering Ltd holds 72.53% of the total paid-up share capital of Kinetic Watts and Volts Ltd. Kinetic Watts and Volts Ltd was incorporated under the Companies Act, 2013 on 27th September 2022 and has a paid-up capital of INR 52,83,60,000. The transaction is at arm's length and falls within the ambit of related party transactions.
Key Highlights
- Kinetic Engineering Ltd invests INR 10 Crore in its subsidiary, Kinetic Watts and Volts Ltd.
- The investment was made by subscribing to 1,00,00,000 equity shares at INR 10/- each.
- Post-investment, Kinetic Engineering Ltd holds 72.53% of the total paid-up share capital of Kinetic Watts and Volts Ltd.
- Kinetic Watts and Volts Ltd was incorporated under the Companies Act, 2013 on 27th September 2022.
- The transaction is at arm's length and falls within the ambit of related party transactions.