Kirloskar Oil Engines planning to invest another Rs 250 crore into NBFC business

Kirloskar Oil Engines Ltd. | Diesel Engines | Automobiles | BSE: 533293 | NSE: KIRLOSENG

17 Jul 2021 Evaluate

Kirloskar Oil Engines is planning to invest another Rs 250 crore into its non-bank finance company (NBFC) Arka Fincap by March 2023 as it seeks to grow its operations. The company also planning to monetise its 50-acre land bank in its base of Pune for its realty company Avante Spaces, starting with a mixed use project with a development potential of 20 lakh equare feet on a 12-acre plot in the Kothrud area.

Kirloskar Oil Engines was incorporated in 1946. KOEL is the flagship company of the Kirloskar group.

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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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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