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.