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Kirloskar Pneumatic Company acquires 55.26% stake in Systems and Components (India)

05 Dec 2024 Evaluate

Kirloskar Pneumatic Company has acquired 55.26% equity shares of Systems and Components (India) (S&C) on December 4, 2024 pursuant to the Share Purchase and Share Holders’ Agreement (SPSHA). As a result, S&C has become subsidiary of the company with effect from December 4, 2024. The cost of acquisition is Rs 15.50 crore. 

Kirloskar Pneumatic Company established in 1958 is India’s leading name in Compressed Air, Air-conditioning & Refrigeration and Hydraulic Power Transmission. The company is now a part of Kirloskar group.

Peers
Company Name CMP
Kirloskar Brothers 1629.45
Elgi Equipments 556.10
Shakti Pumps (India) 348.80
KSB 629.60
Oswal Pumps 229.30
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