Latest news with #KaynesTechnologyIndia
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Business Standard
16 hours ago
- Business
- Business Standard
Kaynes Technology gains 4% after launching QIP to raise ₹1,600 cr; Details
Kaynes Technology India shares jumped 3.9 per cent in trade on Friday, June 20, 2025, logging an intraday high at ₹5,825.5 per share on BSE. The stock was in demand after the company launched its qualified institutional placement (QIP) to raise funds worth ₹1,600 crore. At 9:54 AM, Kaynes Tech share price was trading 2.78 per cent higher at ₹5762.8 per share on the BSE. In comparison, the BSE Sensex was up 0.39 per cent at 81,679.52. The company's market capitalisation stood at ₹36,930.5 crore. Its 52-week high was at ₹7,824.95 per share and 52-week low was at ₹3,729.7 per share. Kaynes Technology QIP details On Thursday, after market hours, Kaynes Technology launched its QIP at a floor price of ₹5,625.75 per share which was a premium of 0.33 per cent from the previous day's close at ₹5,606.8 per share. "At its meeting held today i.e. June 19, 2025, inter alia, passed resolutions for authorized the opening of the Issue today, i.e. June 19, 2025, approving the floor price for the Issue, being ₹5,625.75 per equity share (Floor Price), based on the pricing formula as prescribed under Regulation 176 of the Sebi ICDR Regulations; and approving and adopting the preliminary placement document dated June 19, 2025, together with the application form in connection with the Issue," the filing read. From this QIP, the company aims to raise up to ₹1,600 crore. "Raising of funds through issuance of instruments or security including equity shares or any other eligible securities by way of one or more public and/or private offerings including on a preferential allotment basis and/or a qualified institutions placement and/or rights issue and/or further public offering for an amount not exceeding ₹16,000 million in terms of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations," the company had informed on January 22, 2025. About Kaynes Technology Kaynes Technology is an end-to-end and IoT solutions-enabled integrated electronics manufacturer in India. The company has over three decades of experience in providing Conceptual Design, Process Engineering, Integrated Manufacturing and Life Cycle Support for major players in the Automotive, Industrial, Aerospace and Defence, Outer-space, Nuclear, Medical, Railways, Internet of Things ('IoT'), Information Technology ('IT') and other segments. It manufactures products at variable or flexible volumes across all industry verticals.
Business Standard
17 hours ago
- Business
- Business Standard
Kaynes Technology gains on launching QIP
Kaynes Technology India rose 2.43% to Rs 5,742.90 after the company said that its board approved the issue of qualified institutional placement (QIP) of equity shares with the floor price of Rs 5,625.75 per equity share. The company's board authorized and declared the opening of the issue on Thursday, 19 June 2025. The floor price of Rs 5,625.75 is at a premium of 0.34% to the scrips previous closing price of Rs 5,606.80 on the BSE. The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined in consultation with the book running lead managers appointed for the issue. Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India, having capabilities across the entire spectrum of electronics system and design manufacturing (ESDM) services. The companys consolidated net profit jumped 43% to Rs 116.20 crore on a 54.5% increase in net sales to Rs 984.48 crore in Q4 FY25 over Q4 FY24.
Business Standard
11-06-2025
- Business
- Business Standard
Kaynes Tech arm inks pact with Fujitsu Electronics to acquire assets
Kaynes Technology India announced that its wholly owned subsidiary, Kaynes Semicon has entered into asset purchase agreement (APA) with Fujitsu General Electronics (Fujitsu Electronics) to acquire the production lines for power modules. Under the agreement, Kaynes Semicon will acquire production lines for power modules and the identified assets from Fujitsu Electronics based on the terms, conditions as set out in the APA. The company will acquire the assets owned by the Fujitsu Electronics for total consideration of JPY 15.91 billion. Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India, having capabilities across the entire spectrum of electronics system and design manufacturing (ESDM) services. The companys consolidated net profit jumped 43% to Rs 116.20 crore on 54.5% increase in net sales to Rs 984.48 crore in Q4 FY25 over Q4 FY24. The counter rose 0.15% to Rs 5,595.40 on the BSE.
News18
04-06-2025
- Business
- News18
Kaynes Tech's promoter pares 1.8 pc stake for Rs 624 crore
Agency: PTI Last Updated: New Delhi, Jun 4 (PTI) A promoter of the Mysuru-based Kaynes Technology India on Wednesday divested a 1.8 per cent stake in the company for Rs 624 crore through open market transactions. According to the bulk deal data, promoter Ramesh Kunhikannan sold 6.25 lakh shares of Kaynes Technology India on the NSE and offloaded 5 lakh shares of Kaynes on the BSE — cumulatively a 1.8 per cent stake in the company. The shares were disposed of in the price range of Rs 5,550.87-5,553.03 apiece, taking the combined transaction value to Rs 624.58 crore. After the latest transaction, Kunhikannan's stake in Kaynes Technology India came down to 55.91 per cent from 57.71 per cent. Details of the buyers of Kaynes Technology India's shares could not be ascertained on the exchanges. Shares of Kaynes Technology India fell 0.97 per cent to close at Rs 5,730.05 apiece on the BSE, and dropped by 0.86 per cent to settle at Rs 5,738.50 per piece on the NSE. In a separate bulk deal on the NSE, the Motilal Oswal Foundation sold 37.04 lakh shares or 0.62 per cent stake in Motilal Oswal Financial Services for Rs 305 crore through an open market transaction. The shares were offloaded at an average price of Rs 825.01 apiece, taking the deal value to Rs 305.58 crore. First Published: June 05, 2025, 00:45 IST
Time of India
19-05-2025
- Business
- Time of India
Kaynes Semicon opens chip design centre in Oman with its IT ministry
Kaynes Semicon , a 100% subsidiary of Kaynes Technology India , opened its first overseas chip design centre in Muscat, Oman on Sunday. This was done in partnership with the ministry of transport, communications and information technology and the ministry of labour, Oman. The new very large-scale integration (VLSI) design centre will focus on both front-end and back-end chip design processes. Raghu Panicker, CEO, Kaynes Semicon, told ET that the company will train 80 to 100 students each year in advanced VLSI design technologies. "The centre will help students with designing complex integrated circuits, chip fabrication, wafer preparation, etc," he explained. Asked about the reason for the foray into Oman, he said that the design centre would be fully funded by the Oman government . Ramesh Kannan, MD of Kaynes Technology India , said, 'With this step, we are extending our plan of building a strong semiconductor ecosystem beyond India, supporting local governments'. Mysuru-based Kaynes Semicon, could be the first company to produce India's first packaged chip by July this year, ET had reported on April 1. Kaynes received approval from the Union Cabinet in September last year for setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat with a Rs 3,307 crore investment. The capacity of this unit will be 6.3 million chips per day. The Middle East is seeing a slew of investments. This includes the US having a preliminary agreement with the UAE to allow it to import 500,000 of Nvidia's most advanced AI chips a year, starting this year. The Nvidia deal would boost the country's construction of data centres vital to developing artificial intelligence models. OpenAI also plans a data centre in the UAE. VLSI research involves tackling complex challenges. Students who are exposed to these activities develop strong analytical and problem-solving skills, Panicker said. The centre provides access to cutting-edge tools and techniques. "Students will gain access to industry-grade EDA tools for real-time project simulations. The programme equips students with the expertise to immediately contribute to real-world semiconductor projects," he said. These tools are often a direct result of VLSI research and development. Students who understand VLSI research are better prepared for advanced roles in the semiconductor industry, where they can contribute to developing new technologies, he said. "This intensive experience in industry-standard design workflows prepares graduates to tackle the complexities of chip development, from specification to silicon, making them highly valuable assets in the global semiconductor industry," Panicker said.
