
KPIT Technologies Transfers 26% Stake in Subsidiary N-Dream to KPIT UK
KPIT Technologies Ltd has completed the transfer of its 26% stake in N-Dream, a Cloud based Game Aggregation Platform company, to KPIT Technologies (UK) Limited. This move aims to achieve parity and restructure within the KPIT group’s organizational structure. Post-transfer, KPIT UK holds a 90% stake in N Dream, making it a step-down subsidiary of KPIT India. This strategic investment is part of KPIT’s roadmap to enable Automotive OEMs enhance the driver & passenger experience in the Cockpit of the Future. KPIT will offer complementary software integration & validation services to N-Dream’s Automotive clients, and both parties will collaborate towards offering value-added data products for Automotive OEMs.
Key Highlights
- KPIT Technologies transfers 26% stake in subsidiary N-Dream to KPIT UK
- N-Dream becomes a step-down subsidiary of KPIT India
- Transfer aims to achieve parity and restructure within the KPIT group’s organizational structure
- KPIT to offer complementary software integration & validation services to N-Dream’s Automotive clients
- Both parties to collaborate towards offering value-added data products for Automotive OEMs
Price Impact
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