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Every Kirloskar Electric Company capital structure change announcement on NSE and BSE, newest first, each with its own page.
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Kirloskar Power Equipments Limited acquired 34,68,007 shares (4.87% stake) in Kirloskar Electric Company Limited via preferential allotment. This increases the promoter group's holding from 1.73% to 6.60%.
Kirloskar Electric Company Limited received in-principle approval to issue 34,68,007 equity shares via preferential issue to a promoter group entity at Rs. 115.34 per share.
Kirloskar Electric Company Limited has consolidated the objects of its proposed Rs. 40.00 Crore preferential issue. The proceeds will now focus entirely on working capital requirements.
Kirloskar Electric approved a Rs. 40 Crore preferential share issue to its promoter group. The Board also re-appointed Vijay R Kirloskar as Executive Chairman for three years.