KOEL Invests ₹8.28 Cr in Subsidiary KIME for Expansion

Kirloskar Oil Engines Ltd (KOEL) has invested AED 3.2 million (approximately ₹8.28 Crore) in its wholly-owned subsidiary, Kirloskar International ME FZE (KIME), based in UAE. This investment is earmarked for KIME's working capital needs and to facilitate the acquisition of Kirloskar Trading SA (PTY) Limited (KTSPL), a promoter group company in South Africa. The strategic move aims to expand KOEL's footprint in the Africa region by establishing a direct customer connect through its own entity, rather than relying on distributors. The transaction was completed on June 30, 2026, and is considered an arm's length transaction.