Board of Kirloskar Oil Engines approves investment of Rs 50 cr in subsidiary

13 Aug 2022 , 01:34 AM

The Board of Kirloskar Oil Engines at its meeting held on 10 August 2022 has approved to invest in rights issue of equity shares having face value of Rs 10 each of Arka Financial Holdings AFHPL a wholly owned subsidiary of the Company of Rs 50 crore In terms of the rights offer the Company will subscribe to 50000000 equity shares at Rs 10 per equity share in AFHPL having face value of equity share of Rs 10 each and payments will be done in line with the Letter of Offer issued by AFHPL