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Kirloskar Brothers makes additional investment in ‘The Kolhapur Steel’

17 Jul 2015 Evaluate

Kirloskar Brothers has invested in preference shares of its subsidiary company ‘The Kolhapur Steel ‘and has been allotted 1,00,00,000 6% Cumulative Non-Convertible Redeemable Preference Shares of Rs 10 each, aggregating to Rs 10 crore only.

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.


Peers
Company Name CMP
Kirloskar Brothers 1629.45
Elgi Equipments 556.10
Shakti Pumps (India) 348.80
KSB 629.60
Oswal Pumps 229.30
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