Acquisitions4 May 2026, 01:09 pm
Kirloskar Pneumatic Acquires 100% Stake in Systems & Components India
AI Summary
Kirloskar Pneumatic Company Ltd. has increased its equity stake in M/s Systems & Components India Private Ltd. (S&C) to 100% by acquiring an additional 44.74% equity stake. As a result, S&C has become a wholly-owned subsidiary of Kirloskar Pneumatic with effect from May 4, 2026. The company is undertaking a restructuring of the subsidiary to align performance with expectations, which is expected to take some time to yield positive outcomes.
Key Highlights
- Kirloskar Pneumatic now owns 100% equity in Systems & Components India Private Ltd.
- The acquisition of the remaining 44.74% stake was completed on May 4, 2026.
- Systems & Components India Private Ltd. is now a wholly-owned subsidiary.
- Kirloskar Pneumatic plans to restructure the subsidiary to improve performance.
- The restructuring is expected to take time before delivering anticipated results.