Kirloskar Pneumatic Company has received an approval to raise funds by private placement of shares under qualified institutions placement to Qualified Institutional Buyers (QIB) not exceeding Rs 200 crore. The board at its meeting held on September 21, 2011 has approved the same.
Further, the board has also approved to increase the authorized share capital of the company from Rs 15 crore to Rs 40 crore. However, the approval is further subject to requisite approval of the shareholders.
Kirloskar Pneumatic Company is India’s leading name in compressed air, air-conditioning and refrigeration and hydraulic power transmission. The company is now a part of Kirloskar group.
| Company Name | CMP |
|---|---|
| Kirloskar Brothers | 1764.10 |
| KSB | 966.60 |
| Shakti Pumps (I) | 573.95 |
| Elgi Equipments | 549.00 |
| Kirloskar Pneumatic | 1264.85 |
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