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Kirloskar Pneumatic Company acquires balance 44.74% stake in subsidiary company

04 May 2026 Evaluate

Kirloskar Pneumatic Company (KPCL) has acquired balance 44.74% equity shares from the existing Promoter Shareholder of Systems and Components (India) (subsidiary company) on May 4, 2026 pursuant to the Share Purchase and Share Holders’ Agreement (SPSHA). As a result, the subsidiary company has become Wholly Owned Subsidiary of KPCL with effect from May 4, 2026. Cost of acquisition is Rs 12.55 crore.

Kirloskar Pneumatic Company 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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