Kaynes Technology to Invest $1.03M in Singapore Subsidiary

Kaynes Technology India Limited has announced a fresh investment of up to USD 1.03 million in its wholly-owned subsidiary, Kaynes Holding Pte. Ltd, incorporated in Singapore. This move is part of the company’s strategic expansion plan in the electronics system design and manufacturing (ESDM) space.

Investment Details

Under this transaction, Kaynes Technology will acquire up to 10,19,802 equity shares of Kaynes Holding at an issue price of USD 1.01 per share. The investment is expected to be completed by August 31, 2025, bringing the total number of shares held by Kaynes Technology in the subsidiary to 1,73,53,954, thus maintaining 100% ownership.

Background of Kaynes Holding Pte. Ltd

Kaynes Holding Pte. Ltd was incorporated on June 19, 2024, under the laws of the Republic of Singapore. It operates in the electronics system design and manufacturing sector, and also aims to facilitate strategic investments and acquisitions aligned with Kaynes Technology’s global growth ambitions.

As of FY 2024-25, the entity has no operational turnover, though it recorded other income of ₹41.48 lakh (unaudited). The entity’s net worth stood at ₹65.32 crore, reflecting a healthy financial foundation for scaling operations.

Related Party Status & Governance

Though Kaynes Holding Pte. Ltd is a wholly-owned subsidiary and therefore a related party under the Companies Act, 2013, this investment does not qualify as a Related Party Transaction. Key executives of Kaynes Technology, including Mr. Ramesh Kunhikannan and Mr. Jairam Paravastu Sampath, serve as directors on the board of the Singapore entity, ensuring direct governance and strategic alignment.

Objective of the Acquisition

The primary goal of this investment is to strengthen Kaynes Technology’s international footprint and enable it to pursue new opportunities in electronics design and manufacturing, while also supporting future M&A activities. It will further enable Kaynes Holding to act as a vehicle for strategic expansion and operational scaling across global markets.

Kaynes Technology Share Price Performance

On June 11, 2025, Kaynes Technology share price opened at ₹5,640.00 and closed at ₹5,565.00, down by 0.33%. The stock price touched its day’s low at ₹5,530.50.

Also Read: Kaynes Technology Arm Finalises Deal with Fujitsu General Electronics for Asset Purchase!

Conclusion

This additional investment reiterates Kaynes Technology’s commitment to scaling its global operations and aligns with its long-term strategy to dominate the ESDM space through technology innovation and inorganic growth.

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