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.
