Kirloskar Electric to sell non-core asset for Rs 3 crore

Kirloskar Electric Company Ltd. | Electric Equipment | Capital Goods & Industrial Consumables | BSE: 533193 | NSE: KECL

29 Mar 2022 Evaluate

Kirloskar Electric Company has executed a sale deed effecting the sale of the company’s non-core asset situated at Punjgutta, Hyderabad for a consideration of Rs 3 crore. The buyer, Shree Enterprises represented by its proprietor Y. Nanda Kumar Yadav, is a third-party buyer who does not belong to the Promoter/ Promoter Group / Group companies and the transaction does not fall under the ambit of Related Party Transactions.

Kirloskar Electric Company is one of the India’s leading manufacturers of electrical and power equipment. The company was established in 1946 by Ravi L Kirloskar.

Peers

Company Name	CMP
Waaree Energies	2503.00
Apar Industries	18239.35
Havells India	1088.00
Suzlon Energy	43.02
Siemens	3865.00
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