Kirloskar Brothers' subsidiary to merge with Kirloskar Constructions and Engineers

capital market | Mumbai |

Kirloskar Brothers' subsidiary to merge with Kirloskar Constructions and Engineers

Kirloskar Brothers has announced that at the meeting held on 29 November 2012, the board of the company has noted and decided to provide consent to the scheme of arrangement and amalgamation of the company's wholly owned subsidiary viz., Hematic Motors, Karad (HMPL) with Kirloskar Constructions and Engineers, Chennai (KCEL) and their respective members and creditors.

The said scheme has also been approved by the respective boards of directors of HMPL and KCEL.

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