Kaynes Technology zooms as its arm enters into non-binding MoU with Government of Tamil Nadu
This MoU represents a statement of mutual intent and does not constitute a legally binding obligation on either party

Kaynes Technology India is currently trading at Rs. 6449.75, up by 153.85 points or 2.44% from its previous closing of Rs. 6295.90 on the BSE.
The scrip opened at Rs. 6360.00 and has touched a high and low of Rs. 6515.00 and Rs. 6360.00 respectively. So far 16040 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7824.95 on 01-Jan-2025 and a 52 week low of Rs. 3835.00 on 11-Feb-2025.
Last one week high and low of the scrip stood at Rs. 6515.00 and Rs. 5482.70 respectively. The current market cap of the company is Rs. 43236.01 crore.
The promoters holding in the company stood at 53.52%, while Institutions and Non-Institutions held 33.10% and 13.37% respectively.
Kaynes Technology India’s wholly owned subsidiary -- Kaynes Circuits India has entered into a non-binding Memorandum of Understanding (MoU) on August 4, 2025 with Government of Tamil Nadu for investment promotion and facilitation. Under the MoU, Kaynes Circuits India proposes to invest around Rs 4,995 crore over a period of 6 years for the establishment of manufacturing facilities, including greenfield projects and capacity expansions within Tamil Nadu.
The MoU is intended to explore the financial incentives and industrial policies available under the Government of Tamil Nadu, as well as any structured assistance packages that may support the proposed investment through subsidies and other financial benefits. The Government of Tamil Nadu, through Guidance, has agreed to provide necessary facilitation and support, including assistance with infrastructure and regulatory clearances, in line with applicable laws and policies. This MoU represents a statement of mutual intent and does not constitute a legally binding obligation on either party.
Kaynes Technology India is an end-to-end and IoT solutions enabled integrated electronics manufacturing player, having capabilities across the entire spectrum of electronics system design and manufacturing (ESDM) services.