MoneyWorks4Me

Kirloskar Brothers’ arm acquires remaining 40% holding in KBE

02 Jan 2014 Evaluate

Kirloskar Brothers International B.V. Netherlands, a wholly owned subsidiary of Kirloskar Brothers, has acquired balance 40% holding in Kirloskar Brothers Europe B.V. (KBE), on December 31, 2013. As a result, Kirloskar Brothers Europe B.V. has now become 100% subsidiary of Kirloskar Brothers International B.V.

Kirloskar Brothers is engaged in manufacturing pumps. It is a part of $2.2 billion Kirloskar group and India’s largest manufacturer and exporter of pumps and valves.

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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