Announced Thu, 1 Oct, 2026 · 17:53 IST
Unimech completes first tranche of capital infusion in Kanoo JV
UNIMECH · 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
+5.0%1-day move
₹1768.90
prior close
₹1790.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-1.0+0.5+0.6+5.0+4.9-0.3———————
Up moveDown movePending
AI summary
Unimech Aerospace infused SAR 15.30 million (around Rs. 39.35 crore) into its JV with Kanoo group, completing the first funding tranche. Unimech now holds a 51% controlling stake in Kanoo Unimech Advanced Manufacturing Solutions, making it a subsidiary. The JV will set up a greenfield machining and remanufacturing facility in Dammam, Saudi Arabia, targeting oil and gas, utilities, defense, and mining. A second tranche of SAR 30 million will follow.
Likely market impact
Strengthens Unimech's global expansion with 51% controlling stake in new Saudi Arabia subsidiary.