Key Developments: KPIT Technologies Ltd (KPIT.NS)

KPIT.NS on National Stock Exchange of India

167.60INR
3:33am EDT
Price Change (% chg)

Rs3.50 (+2.13%)
Prev Close
Rs164.10
Open
Rs165.60
Day's High
Rs169.90
Day's Low
Rs164.85
Volume
496,591
Avg. Vol
551,834
52-wk High
Rs191.00
52-wk Low
Rs128.30

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Latest Key Developments (Source: Significant Developments)

KPIT Technologies Ltd announces acquisition of stake
Tuesday, 9 Sep 2014 03:33am EDT 

KPIT Technologies Ltd:Acquires the 50 pct stake held by Bharat Forge Limited in Impact Automotive Solutions Limited, an equal joint venture between the company and Bharat Forge Limited, formed for the manufacture of hybrid solutions for automotives.Says the stake was acquired by the company for 108 million Indian rupees.Says after this transaction, Impact Automotive Solutions Limited, has become a wholly owned subsidiary of the company.  Full Article

Bharat Forge Ltd sells stake in JVC to KPIT Technologies Ltd-Business Standard
Monday, 8 Sep 2014 04:05am EDT 

KPIT Technologies Ltd:Bharat Forge Ltd has sold 50 pct stake in its joint venture company (JVC) Impact Automotive Solutions Ltd for 108 mln Indian Rupees to KPIT Technologies Ltd-Business Standard.  Full Article

KPIT Technologies Ltd Board recommends dividend
Monday, 28 Apr 2014 11:05pm EDT 

KPIT Technologies Ltd:Board recommends dividend at 55 pct for the year 2013-2014 ( 1.10 Indian rupees per equity share 2 Indian rupees each), subject to the declaration of the same by the shareholders at the annual general meeting scheduled on July 25.Says if declared by the shareholders at the annual general meeting, will be paid on or before July 30.  Full Article

KPIT Technologies Ltd updates on scheme of amalgamation
Wednesday, 5 Feb 2014 07:00am EST 

KPIT Technologies Ltd:Says the Hon’ble High Court of Delhi has on Jan. 30, sanctioned the scheme of amalgamation of Sparta Infotech India Private Ltd , a wholly owned subsidiary of the company, with the company.  Full Article

KPIT Cummins Infosystems Ltd Announces Name Change
Wednesday, 14 Aug 2013 07:55am EDT 

KPIT Cummins Infosystems Ltd announced that with reference to the earlier announcement made earlier, regarding Outcome of AGM, the Company now announced that the Registrar of Companies, Pune has approved the change in name of the Company as KPIT Technologies Limited with effect from July 25, 2013.  Full Article

KPIT Cummins Infosystems Ltd Receives Contract For Implementation Of AP Business Suite Powered By SAP HANA
Wednesday, 3 Jul 2013 05:48am EDT 

KPIT Cummins Infosystems Ltd announced that it has been selected as the consulting and systems Integration Partner to Consul Consolidated Pvt Ltd. for the deployment of SAP Business suite powered by SAP HANA. Consul will leverage HITECHEdge, KPIT's qualified SAP Rapid Deployment solutions (RDS) for the hi-tech industy, to realize business benefits and enable innovation in a more effective and efficient manner.  Full Article

KPIT Cummins Infosystems Ltd Announces Name Change
Wednesday, 19 Jun 2013 04:54am EDT 

KPIT Cummins Infosystems Ltd announced that it has received an approval from the Ministry of Corporate Affairs, Government of India for the change of its name. The new Company name, subject to shareholders approval to be obtained in the AGM to be held on July 12, 2013, would be KPIT Technologies Ltd. The new name of the Company represents two changes; Replacement of the word ‘Infosystems’ by the word ‘Technologies’ and The deletion of the name ‘Cummins’.  Full Article

KPIT Cummins Infosystems Ltd's Board Recommends Dividend
Monday, 29 Apr 2013 08:51am EDT 

KPIT Cummins Infosystems Ltd announced that the Board of Directors of the Company at its meeting held on April 29, 2013, has recommended dividend at the rate of 45% for fiscal 2012-2013 (INR0.90 per equity share of INR2 each).  Full Article

KPIT Cummins Infosystems Ltd Announces Merger of Step Down Subsidiary
Thursday, 25 Oct 2012 02:31am EDT 

KPIT Cummins Infosystems Ltd announced that the Board of Directors of the Company at its meeting held on October 25, 2012 have approved the merger of Sparta Infotech India Private Limited a step down subsidiary with the Company.  Full Article

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