KPIT Technologies: Announcement under Regulation 30 (LODR)-Acquisition | Value Research

KPIT Technologies: Announcement under Regulation 30 (LODR)-Acquisition

Dear Sir / Madam We wish to inform you that in accordance with Regulation 30 read with Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 ("SEBI Regulations") the Board of Directors of the Company at its meeting has approved the acquisition of Technica Engineering Gmbh Germany Technica Electronics Barcelona S.L. Spain and Technica Engineering Spain S.L. Spain through KPIT Technologies GmbH a wholly owned step down subsidiary of the Company of 100% shareholding and Technica Engineering Inc USA through KPIT Technologies Inc. a wholly owned step down subsidiary of the Company of 100% shareholding. The details as required under SEBI Regulations read with SEBI Circular dated September 9 2015 are given in Annexure A to this letter.

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