Kirloskar Pneumatic Company merger & restructuring announcements

Merger & RestructuringKirloskar Pneumatic Company Ltd KIRLPNU

Kirloskar Pneumatic Company Merger & Restructuring Worth ₹11.04 Cr

The Government of Maharashtra acquired 7,200 square meters of land from Kirloskar Pneumatic for Rs. 11.04 Crore for a Ring Road project in Nashik.

Value

₹11.04 Cr

From

Government of Maharashtra (Maharashtra State Infrastructure Development Corporation)

Merger & RestructuringKirloskar Pneumatic Company Ltd KIRLPNU

Kirloskar Pneumatic Company Merger & Restructuring Worth ₹4.95 Cr

Kirloskar Pneumatic has acquired a 99.49% stake in Kirloskar South East Asia Co. Limited for Rs 4.95 Crore, making it a subsidiary.

Value

₹4.95 Cr

Merger & RestructuringKirloskar Pneumatic Company Ltd KIRLPNU

Kirloskar Pneumatic Company Merger & Restructuring

Kirloskar Pneumatic Company executed a Share Purchase Agreement to acquire 99.49% of Kirloskar South East Asia Co. Limited. This update follows a prior board approval.

Merger & RestructuringKirloskar Pneumatic Company Ltd KIRLPNU

Kirloskar Pneumatic Company Merger & Restructuring Worth ₹5 Cr

Kirloskar Pneumatic will acquire a 99.49% stake in Kirloskar South East Asia Co. Limited for ₹5 Crore to expand its footprint in South-East Asia.

Value

₹5.00 Cr

Execution

60 business days from the date of execution of Share Purchase Agreement