Kinetic Watts & Volts was formed in September 2022 as a subsidiary of Kinetic Engineering to focus on anything electric to ensure a sustainable future for EVs as there is a lot of adoption.
Kinetic Motor Company board has approved the merger of Kinetic Motor Company Limited (KMCL) with Kinetic Engineering Limited (KEL) at an exchange ratio of 7.75:1.
In the board meeting held by Kinetic Motor today, both the companies Kinetic Motor and Kinetic Engineering decided to merge. The company said that this group move is aimed at creating synergy and enhancing shareholder value. CNBC-TV18’s Swati Khandelwal Jain reports this exclusive news.