Kaynes Technology India Limited (NSEI:KAYNES) agreed to acquire 13.2% stake in Mixx Technologies, Inc. for $3 million on January 12, 2024. Under the terms of the transaction, Kaynes Technology India Limited will purchase 4.4 million Series Seed Preferred Stock (Common Stock) of Mixx Technologies Inc. for $0.675 per share. The consideration consists of $3 million in cash. As part of the consideration, $3 million was paid towards common equity. The transaction is expected to close on January 12, 2024.

Kaynes Technology India Limited (NSEI:KAYNES) completed the acquisition of 13.2% stake in Mixx Technologies, Inc. on January 31, 2024.