MoneyWorks4Me

Kirloskar Oil Engines acquires 76% stake in La-Gajjar Machineries

02 Aug 2017 Evaluate

Kirloskar Oil Engines has acquired 76% of equity shares of La-Gajjar Machineries as per terms of Share Purchase Agreement dated June 21, 2017. La-Gajjar Machineries will now be a subsidiary of the company with effect from August 1, 2017.

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 4956.00
Kirloskar Oil Engine 2136.50
Greaves Cotton 234.75
Swaraj Engines 3542.80
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