SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Kirloskar Electric Company to raise funds up to Rs 75 crore through QIP route

19 May 2016 Evaluate

Kirloskar Electric Company has received an approval to raise funds by issuing equity shares through Qualified Institutions Placement (QIP) route for an amount up to Rs 75 crore. The board of directors at its meeting held on May 18, 2016 has received an approval for the same.

The board has also approved to increase the limit of holding by foreign entities in the company from 24% to 49%. The company has also received approval to increase the authorized capital of the company from Rs 90 crore to Rs 115 crore.

Kirloskar Electric Company is the manufacture, sales and services of diverse range of electrical and electronic equipment such as AC Induction Motors, AC Generators, DG Sets, DC Machines & Traction Equipment, Transformers, Switchgears, Control Equipments and Systems etc.



Kirloskar Electric Share Price

143.48 4.89 (3.53%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1300.30
Siemens 3709.60
Apar Inds 11977.10
ABB India 7155.70
Waaree Energies 3487.20
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×