Announced Tue, 18 Aug · 22:09 IST
Syrma SGS forms subsidiary with Kaga Electronics in 60:40 JV
SYRMA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.1%1-day move
₹1499.90
prior close
₹1507.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.8-0.5-0.1-0.3-4.1-3.9————————
Up moveDown movePending
AI summary
Syrma SGS incorporated a new subsidiary SYRMA KAGA ELECTRONICS PRIVATE LIMITED jointly with Kaga Electronics India. Syrma will hold 60 percent stake and Kaga 40 percent. SKEPL will manufacture bare PCBs, electronic components, semiconductors, capacitors, and interface cards. Syrma's investment is Rs 60,000 for 6,000 shares at Rs 10 face value. The unit is registered in IMT Bawal, Haryana, and is yet to commence operations.
Likely market impact
Positive - JV expands Syrma's electronics manufacturing capability with established global partner Kaga. Long term growth opportunity.