The collaboration will also include work on advanced semiconductor packaging technologies, an area critical to building a complete domestic chip ecosystem.
The development features modern towers designed to offer privacy, comfort and contemporary interiors.
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The business said that this will also fuel the company's broader push for developing AI-first, India-made solutions for the global hospitality sector.
The company expects the greenfield unit to create strong strategic synergies across its businesses, further supporting India’s broader goal of enhancing self-reliance in defence production.
By linking RateGain’s AI-powered direct booking tools with PayU’s payment network, hotels can offer guests a smoother and more reliable payment experience.
The board cleared the proposal on December 8, 2025, at its meeting in Muscat, Oman.
According to brokerages, about 14.92 Crore or 2% of the company’s outstanding equity will become eligible for trading once the lock-in period ends.
Kivoro’s HTA has been developed to improve heat transfer efficiency in corrugated manufacturing.
The total consideration for the transaction is ₹1,212 crore, according to the company’s disclosure.

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