Comments
KPIT Technologies Limited has acquired an additional 13 per cent stake in N-Dream AG, a Swiss cloud-based game aggregation platform company, for €3 million. The transaction, announced today, increases KPIT’s total shareholding in N-Dream to 26 per cent.
The shares of KPIT Technologies Limited were trading at ₹1,738 up by ₹24 or 1.40 per cent on the NSE today at 11.50 am.
The purchase consists of a €2.3 million primary investment and a €0.7 million secondary investment. This move follows KPIT’s initial 13% investment in N-Dream, which was approved by its board on November 9, 2023.
Despite the increased stake, KPIT maintains a minority and non-controlling equity position in N-Dream. The Indian technology company, headquartered in Pune, has an option to further increase its shareholding in the future.
This strategic investment aligns with KPIT’s efforts to expand its presence in the cloud gaming sector. N-Dream’s platform could potentially complement KPIT’s existing technology services portfolio, although specific plans for integration or collaboration were not disclosed in the announcement.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.