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Economic Times
11-06-2025
- Business
- Economic Times
Kaynes Technology shares in focus after unit inks Rs 85 crore asset deal with Fujitsu General Electronics
Stock performance and technical outlook Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Kaynes Technology are set to be in focus on Wednesday after the semiconductor manufacturing company announced that its wholly-owned subsidiary has signed an asset purchase agreement with Fujitsu General Electronics Ltd to acquire power module production lines and related manufacturing assets for Rs 85 a stock exchange filing on Tuesday, Kaynes Technology India said, '...we hereby inform you that Kaynes Semicon Private Ltd (Kaynes Semicon), a Wholly Owned Subsidiary Company of Kaynes Technology India Ltd (Kaynes or Company) has entered into an Asset Purchase Agreement with Fujitsu General Electronics Ltd (Fujitsu Electronics), Iwate, Japan for the acquisition of the identified assets on June 09, 2025, subject to the satisfaction of customary closing conditions.'The deal, signed on June 9, is valued at 1.59 billion yen, equivalent to Rs 85 crore. The identified assets include power module production lines that are expected to enhance Kaynes Technology's capabilities and footprint in the semiconductor manufacturing space, specifically in the power module Semicon will integrate these assets into its operations. The company clarified that 'the transaction does not fall within the ambit of related party transactions,' and emphasized that there will be 'no impact on the management or control' of Kaynes Technology India Tuesday, June 10, shares of Kaynes Technology ended at Rs 5,587.05 on the BSE, down by Rs 65.70 or 1.16%. While the stock has gained 65% over the past year and 30% in the last three months, it has declined 3.5% over the last a technical analysis standpoint, the stock is currently trading below six of its eight key simple moving averages (SMA), including the 5-day, 10-day, 20-day, 30-day, 50-day, and 150-day SMAs. This reflects bearish undertones across both short-term and long-term Relative Strength Index (RSI) stands at 40.6, indicating the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at -13.6 and continues to stay below its signal and center line — a strong bearish indicator.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
11-06-2025
- Business
- Time of India
Kaynes Technology shares in focus after unit inks Rs 85 crore asset deal with Fujitsu General Electronics
Shares of Kaynes Technology are set to be in focus on Wednesday after the semiconductor manufacturing company announced that its wholly-owned subsidiary has signed an asset purchase agreement with Fujitsu General Electronics Ltd to acquire power module production lines and related manufacturing assets for Rs 85 crore. In a stock exchange filing on Tuesday, Kaynes Technology India said, '...we hereby inform you that Kaynes Semicon Private Ltd (Kaynes Semicon), a Wholly Owned Subsidiary Company of Kaynes Technology India Ltd (Kaynes or Company) has entered into an Asset Purchase Agreement with Fujitsu General Electronics Ltd (Fujitsu Electronics), Iwate, Japan for the acquisition of the identified assets on June 09, 2025, subject to the satisfaction of customary closing conditions.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Use an AI Writing Tool That Actually Understands Your Voice Grammarly Install Now Undo The deal, signed on June 9, is valued at 1.59 billion yen, equivalent to Rs 85 crore. The identified assets include power module production lines that are expected to enhance Kaynes Technology's capabilities and footprint in the semiconductor manufacturing space, specifically in the power module segment. Kaynes Semicon will integrate these assets into its operations. The company clarified that 'the transaction does not fall within the ambit of related party transactions,' and emphasized that there will be 'no impact on the management or control' of Kaynes Technology India Ltd. Stock performance and technical outlook Live Events On Tuesday, June 10, shares of Kaynes Technology ended at Rs 5,587.05 on the BSE, down by Rs 65.70 or 1.16%. While the stock has gained 65% over the past year and 30% in the last three months, it has declined 3.5% over the last week. From a technical analysis standpoint, the stock is currently trading below six of its eight key simple moving averages (SMA), including the 5-day, 10-day, 20-day, 30-day, 50-day, and 150-day SMAs. This reflects bearish undertones across both short-term and long-term charts. The Relative Strength Index (RSI) stands at 40.6, indicating the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at -13.6 and continues to stay below its signal and center line — a strong bearish indicator. Also read | GIFT Nifty up 30 points; here's the trading setup for today's session ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Upturn
09-06-2025
- Business
- Business Upturn
Fujitsu General to sell power modules business to L&T Semiconductor for 2 billion yen
By Aditya Bhagchandani Published on June 9, 2025, 14:09 IST Fujitsu General Ltd. has announced the transfer of its power modules business, operated under its consolidated subsidiary Fujitsu General Electronics Ltd. (FGEL), to India-based L&T Semiconductor Technologies Ltd. for approximately 2 billion yen. This strategic move is part of Fujitsu General's broader portfolio transformation within its electronic device segment. In a board meeting held on June 9, 2025, the company approved the business transfer agreement, which also includes the handover of associated production facilities to Kaynes Semicon Private Limited, one of L&T Semiconductor's contract manufacturers. The business transfer is scheduled to be completed by June 23, 2025, pending regulatory approvals under Japan's Foreign Exchange and Foreign Trade Act. Extraordinary gain in Q1 FY26 The company has projected that it will record an extraordinary gain of about 2 billion yen in the first quarter of the fiscal year ending March 2026 due to this transfer. The sale aligns with Fujitsu General's intent to streamline its Tech Solution Business and reinforce the group's overall business foundations. Details of the entities involved: Fujitsu General Electronics Ltd. (FGEL) : Based in Iwate, Japan, FGEL specializes in the development and manufacture of electronic devices and communication equipment. L&T Semiconductor Technologies Ltd. (LTSCT) : A wholly owned subsidiary of Larsen & Toubro Ltd., headquartered in Bengaluru, India, focusing on semiconductor product development and sales. Kaynes Semicon Private Ltd.: A contract manufacturer based in Mysore, India, and a subsidiary of Kaynes Technology India Ltd. Both LTSCT and Kaynes Semicon have no prior capital, personnel, or business relationships with Fujitsu General Ltd., and are not considered related parties. This transaction signals increased cross-border collaboration in the semiconductor sector and marks a strategic India-Japan industrial linkage. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
