Kinetic Engineering Limited has invested INR 50 million in its subsidiary, Kinetic Watts and Volts Limited (KWVL), by subscribing to 5 million equity shares at INR 10 per share. Following this investment, Kinetic Engineering’s shareholding in KWVL has increased from 61.63% to 66.11%.
KWVL was incorporated on September 27, 2022, and is engaged in the automobile sector. As of now, the company has not reported any turnover. The latest investment was made via cash consideration, and no regulatory approvals were required.
Kinetic Watts and Volts Limited has an authorized capital of INR 500 million and a paid-up capital of INR 428.36 million. According to the disclosure, the transaction was classified as a related party transaction and conducted at arm’s length.
Kinetic Watts and Volts Limited (KWVL) is a subsidiary of Kinetic Engineering Limited, incorporated on September 27, 2022, under the Companies Act, 2013. The company operates in the automobile sector and is positioned to contribute to Kinetic Engineering’s manufacturing portfolio. As of the latest available data, KWVL has not generated any turnover. The company is based in India and is focused on automotive manufacturing-related activities.