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Kirloskar Brothers surges as its step-down subsidiary acquires 100% stake in SyncroFlo

06 Mar 2014 Evaluate

Kirloskar Brothers is currently trading at Rs. 145.50, up by 2.45 points or 1.71% from its previous closing of Rs. 143.05 on the BSE.

The scrip opened at Rs. 145.40 and has touched a high and low of Rs. 145.50 and Rs. 145.40 respectively.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 171.90 on 02-Dec-2013 and a 52 week low of Rs. 135.00 on 09-Oct-2013.

Last one week high and low of the scrip stood at Rs. 147.00 and Rs. 141.00 respectively.

The promoters holding in the company stood at 63.31% while Institutions and Non-Institutions held 17.60% and 19.09% respectively.

Kirloskar Brothers’ step-down subsidiary - SPP Pumps LP, Georgia, USA has acquired 100% issued and outstanding capital of SyncroFlo INC, a Georgia Corporation. SPP Pumps LP is owned by SPP Pumps, UK, which is a step down subsidiary of the company.

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 1694.35
Elgi Equipments 571.00
Shakti Pumps (India) 419.05
KSB 767.85
Oswal Pumps 257.35
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