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Kirloskar Brothers to invest Rs 60 crore in overseas WOS company

13 Nov 2017 Evaluate

Kirloskar Brothers has received in-principal approval for further investment in the form of Securities in its Wholly Owned Overseas Subsidiary company namely, Kirloskar Brothers International B.V. Netherlands to the tune of Rs 60 crore in one or more tranches. The Board of Directors of the Company at its meeting held on November 11, 2017 accorded its in-principal approval for the same.

Kirloskar Brothers is India’s largest manufacturer and exporter of pumps and valves.

Peers
Company Name CMP
Kirloskar Brothers 1772.00
Elgi Equipments 602.95
Shakti Pumps (India) 466.85
KSB 817.95
Oswal Pumps 275.15
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