Kaynes Technology shares rally 9% after Union Cabinet gives green light to semiconductor unit
Shares of Kaynes Technology on Tuesday rallied 8.5% to its day’s high of Rs 5,052.25 after the company announced that Kaynes Semicon, a wholly owned subsidiary of the company received approval from the Union Cabinet for setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. “We wish to inform you that…