Kaynes Semicon Private Limited, a wholly-owned subsidiary of Kaynes Technology India Limited, entered into an Asset Purchase Agreement with Fujitsu General Electronics Limited, Iwate, Japan, on June 09, 2025.
The purpose of this agreement is to purchase the Production Lines for Power Modules and other identified assets from Fujitsu Electronics.
The acquisition is valued at JPY 1,59,11,59,889 (Japanese Yen One Billion Five Hundred Ninety-One Million One Hundred Fifty-Nine Thousand Eight Hundred Eighty-Nine Only), which is approximately ₹84.33 crore.
The transaction is subject to the satisfaction of customary closing conditions.
There will be no impact on the management or control of Kaynes Technology India Limited as a result of this acquisition.
Fujitsu General Electronics Limited is an unrelated party to Kaynes Technology India Limited.