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Kirloskar Brothers gets nod for scheme of arrangement

30 Nov 2012 Evaluate

Kirloskar Brothers has received an approval for Scheme of Arrangement and Amalgamation - of the company's wholly owned subsidiaries viz. of Hematic Motors, Karad (HMPL) with Kirloskar Constructions and Engineers, Chennai (KCEL) and their respective members and creditors.

The said scheme has also been approved by the respective Board of Directors of HMPL and KCEL. The board at its meeting held on November 29, 2012 has approved the same.

Kirloskar Brothers is engaged in manufacturing pumps. It is as a part of $2.2 billion Kirloskar group. It is India’s largest manufacturer and exporter of pumps and valves. In January its board approved for Scheme of Amalgamation of company’s step down subsidiaries, Pressmatic Electro Stampings and Quadromatic Engineering with company’s wholly owned subsidiary - Hematic Motors.

Kirloskar Brothers Share Price

1764.10 25.60 (1.47%)
17-Apr-2026 16:59 View Price Chart
Peers
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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