Kirloskar Oil Engines acquire balance 24Percentage stake in La]Gajjar Machineries

30 Sep 2022 , 01:34 AM

Kirloskar Oil Engines has acquired the balance 24Percentage equity shares of La]Gajjar Machineries LGM as per the Shareholders Agreement including amendments thereof on 26 September 2022 Consequent to the aforesaid acquisition the Company is holding 100Percentage equity shares of LGM and LGM has become a Wholly Owned Subsidiary of the Company instead of Subsidiary Company