Bank of America bought 1,16,082 shares of Kaynes Technology India for ₹41.96 Cr at ₹3614.40 apiece in a block deal.
An integrated electronics manufacturing company providing end-to-end solutions and IoT-enabled services across automotive, aerospace, defense, industrial, medical, railways, and IT sectors. Kaynes Technology offers conceptual design, process engineering, integrated manufacturing, and comprehensive lifecycle support to major industry players. The company combines advanced IoT capabilities with vertically integrated contract manufacturing expertise to serve diverse and specialized industrial segments across India.
US-based global bank and one of the world's largest financial institutions (USD 3+ trillion balance sheet). India FPI activity covers proprietary positions, market-making and client flows in listed Indian equities through BofA Securities and Merrill Lynch entities.
