![Gunaah S1 Ep 1 & 2 Review: Surbhi Jyoti Might Be The Begum But Zayn Ibad Khan & Gashmeer Mahajani Are Setting An Interesting Baadshah Trap [With A Few Misses In 20 Minutes]!](https://www.koimoi.com/wp-content/new-galleries/2024/06/gunaah-episode-01-review-001.jpg)
Kinetic Engineering announces INR 177 cr investment to propel growth in automotive components and EV sector
Kinetic Engineering Ltd. (KEL) will issue convertible warrants worth INR 177 crore. Promoters will initially invest INR 55 crore by March 2025 with outside investors contributing INR 17.10 crore. The aim is to reach INR 1,000 crore revenue by 2029 and increase the promoters' stake to 70%. The funds will boost working capital, manufacturing, and EV component development.
Kinetic Engineering Ltd. (KEL) will issue convertible warrants worth INR 177 crore. Promoters will initially invest INR 55 crore by March 2025 with outside investors contributing INR 17.10 crore. The aim is to reach INR 1,000 crore revenue by 2029 and increase the promoters' stake to 70%. The funds will boost working capital, manufacturing, and EV component development.
