Announced Mon, 22 Jun · 18:23 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 Technology has signed an agreement with Kaga Electronics India to set up a JV for a state-of-the-art EMS manufacturing facility in India, focused on Japanese clients. Syrma will hold 60% and Kaga 40% in the new JVCo, with Syrma investing around INR 15 Cr and Kaga around INR 10 Cr. The board will have 4 directors, 2 from each side. The deal is not a related party transaction and is subject to customary closing conditions.
Likely market impact
Positive: Expands EMS capacity with a Japanese partner, opening access to Japanese clients. Investment size is modest, limited equity dilution risk.