Kirloskar Brothers’ promoter has raised their stake in the company through open market. Pratima Sanjay Kirloskar, the promoter of the company, has bought an additional 13,375 shares representing of the company between May 25 and May 26, 2014 on NSE. Post acquisition, total holding of Pratima Sanjay Kirloskar in the company increased to 17.33% from 17.31%.
As on March 31, 2014, the promoters holding in the company stood at 63.33% while institutions and non-institutions held 17.67% and 19.00% stake in the company, respectively.
Kirloskar Brothers is engaged in manufacturing pumps. It is a part of $2.2 billion Kirloskar group and India’s largest manufacturer and exporter of pumps and valves.
