Kilburn Engineering to Acquire Monga Strayfield for INR 123 Crores

Kilburn Engineering Ltd. has entered into a Share Purchase Agreement with the promoters and shareholders of Monga Strayfield Private Limited. The agreement is for the proposed acquisition of 100% paid-up capital of Monga Strayfield, an engineering company specializing in manufacturing radio frequency dryers and heating solutions. The acquisition, valued at INR 123,00,00,000, is expected to be completed before 31st December 2024. This acquisition will enhance Kilburn Engineering's manufacturing capabilities and expand its dryers portfolio.