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

Kirloskar Pneumatic Company Ltd. | Compressors / Pumps | Capital Goods & Industrial Consumables | BSE: 505283 | NSE: KIRLPNU

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	1772.00
Elgi Equipments	602.95
Shakti Pumps (India)	466.85
KSB	817.95
Oswal Pumps	275.15
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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