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Kirloskar Oil Engines acquires remaining 24% stake in La-Gajjar Machineries

27 Sep 2022 Evaluate

Kirloskar Oil Engines has acquired balance 24% equity shares of La?Gajjar Machineries (LGM) as per the Shareholders' agreement including amendments thereof on September 26, 2022. Consequent to the aforesaid acquisition, the Company is holding 100% equity shares of LGM and LGM has become a wholly owned subsidiary of the Company, instead of Subsidiary Company. 

Kirloskar Oil Engines, a flagship company of the Kirloskar group, is a leader in the manufacturing of diesel engines, farm equipment and generator sets with a sizable presence in international markets.

Peers
Company Name CMP
Cummins India 4635.00
Kirloskar Oil Engine 2021.30
Greaves Cotton 203.90
Swaraj Engines 3512.05
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