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Kirloskar Brothers invests Rs 7.50 crore in subsidiary

24 Sep 2020 Evaluate

Kirloskar Brothers has made an investment of Rs 7.50 crore in the share capital of the company’s Subsidiary, namely, the Kolhapur Steel, in the form of subscription to its 6% Non-Cumulative Convertible Preference Shares under preferential allotment.

Kirloskar Brothers, established in 1888, is engaged in manufacturing pumps.

Peers
Company Name CMP
Kirloskar Brothers 1694.35
Elgi Equipments 571.00
Shakti Pumps (India) 419.05
KSB 767.85
Oswal Pumps 257.35
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