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An update from KPIT Technologies Limited ( (IN:KPITTECH) ) is now available.
KPIT Technologies Limited has announced a further investment of EURO 1.37 million in its wholly-owned subsidiary, KPIT engineering SUARL in Tunisia, through its subsidiary KPIT Germany. This investment is aimed at bolstering the nearshore development center for Technica GmbH, KPIT Tunisia’s sole customer. The transaction is structured as a related party transaction but does not impact the company’s financial reporting or operations.
More about KPIT Technologies Limited
KPIT Technologies Limited operates in the automotive industry, offering engineering services and solutions. The company focuses on providing technology solutions to automotive companies, enhancing their product development and operational efficiencies.
YTD Price Performance: -24.85%
Average Trading Volume: 72,905
Current Market Cap: 306.8B INR
Learn more about KPITTECH stock on TipRanks’ Stock Analysis page.