Kirloskar Brothers’ subsidiary acquires balance 10% holding in Braybar Pumps

Kirloskar Brothers Ltd. | Compressors / Pumps | Capital Goods & Industrial Consumables | BSE: 500241 | NSE: KIRLOSBROS

15 Nov 2012 Evaluate

Kirloskar Brothers’ step down subsidiary Micawber (Proprietary) has acquired balance 10% holding in Braybar Pumps (Proprietary) on November 1, 2012. Consequently, Braybar has become 100% subsidiary of Micawber (Proprietary).

Micawber (Proprietary) is Kirloskar Brothers’ step down subsidiary through wholly subsidiary company -- Kirloskar Brothers International BV, Netherland.

Kirloskar Brothers is engaged in manufacturing pumps. It is a part of $2.2 billion Kirloskar group and India’s largest manufacturer and exporter of pumps and valves.

Peers

Company Name	CMP
Kirloskar Brothers	1785.00
Elgi Equipments	618.50
Shakti Pumps (India)	493.65
KSB	802.95
WPIL	435.00
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