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Kirloskar Oil Engines signs definitive agreements for acquisition of 100% stake in LGM

21 Jun 2017 Evaluate

Kirloskar Oil Engines (KOEL) has signed definitive agreements for acquisition of 100% equity shares of La-Gajjar Machineries (LGM). The board of directors at its meeting held on June 19, 2017 approved for the same. The closing is expected to be completed within 3 months subject to fulfilling of conditions as may be specified in the definitive agreements.

Kirloskar Oil Engines manufactures diesel engines in the range of 2 Kva to 6 MW. The engines are preferred by various services sectors like banks, telecommunication establishments, commercial use buildings, hotels and restaurants.

Peers
Company Name CMP
Cummins India 3966.55
Kirloskar Oil Engine 1544.00
Greaves Cotton 204.35
Swaraj Engines 3500.00
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