KP Green signs non-binding LOI with Saudi Raz Holding for investment

KP Group, parent of KP Green Engineering, signed a non-binding Letter of Intent with Saudi Arabia's Raz Holding Group for a possible strategic investment or collaboration. The deal could involve acquisition, capital infusion or partnership, subject to due diligence, board, shareholder and regulatory approvals including RBI and SEBI. Both parties have 90 days of exclusivity until November 18, 2026 to work on definitive binding agreements. No firm commitment exists at this stage.