MoneyWorks4Me

Kirloskar Brothers Investments disinvests its entire stake in Nashik Silk Industries

31 Mar 2015 Evaluate

Kirloskar Brothers Investments (KBIL) has sold its entire shareholding/investment of 3353,990 equity shares of Rs 10 each in wholly owned subsidiary (Non-material) i.e. Nashik Silk Industries at the price of Rs 13.42 per share aggregating an amount of Rs 4.50 crore.

KBIL was incorporated on April 16, 2009 as a wholly owned subsidiary of Kirloskar Brothers (KBL) as an Investment Company and for the purpose of transfer and vesting of certain Investments of KBL.

Peers
Company Name CMP
Bajaj Finserv 1769.00
TVS Holdings 12604.30
Cholamandalam Fin. 1401.90
Altius Telecom Infra 175.00
Kama Holdings 2233.20
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