Acquisitions4 May 2026, 12:30 pm
Kirloskar Pneumatic Acquires 44.74% Stake in Subsidiary
AI Summary
Kirloskar Pneumatic Company Ltd (KPCL) has acquired the remaining 44.74% equity shares of Systems and Components (India) Private Limited from the existing promoter shareholder on May 4, 2026, making it a wholly-owned subsidiary. The acquisition cost KPCL ₹12.55 Crores. This acquisition results in KPCL holding 100% of the equity share capital in the subsidiary company.
Key Highlights
- KPCL acquired the remaining 44.74% equity in Systems and Components (India) Pvt Ltd.
- The acquisition was completed on May 4, 2026, for ₹12.55 Crores.
- Systems and Components (India) Pvt Ltd is now a wholly-owned subsidiary of KPCL.
- KPCL now holds 100% equity share capital in the subsidiary company.