Announced Mon, 22 Jun · 18:30 IST
Syrma SGS signs JV with Kaga Electronics for EMS facility in India
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
+6.9%1-day move
₹1338.10
prior close
₹1360.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.9+1.5+1.5+1.2+6.9+7.3+3.1+4.6+6.5+3.0+5.1+2.7——
Up moveDown movePending
AI summary
Syrma SGS will hold 60% and Kaga Electronics India 40% in a new JV company to set up a state-of-the-art EMS (electronics manufacturing services) facility in India targeting Japanese clients. Syrma will invest about INR 15 Cr and Kaga about INR 10 Cr. The JV will have a 4-member board with 2 nominees from each side. Not a related party deal. Subject to customary closing conditions.
Likely market impact
Expands Syrma's EMS footprint with a Japanese partner; modest INR 25 Cr JV outlay signals capacity addition without major capital strain.