Acquisitions5 Dec 2024, 12:31 am
Kirloskar Pneumatic Acquires 55.26% Stake in Systems and Components (India) Private Limited for Rs. 15.50 Crores
AI Summary
Kirloskar Pneumatic Co. Ltd. (KPCL) has acquired 55.26% equity shares of Systems and Components (India) Private Limited (S&C) on December 4, 2024, pursuant to the Share Purchase and Share Holders’ Agreement (SPSHA). The acquisition has been completed, and S&C has become a subsidiary of KPCL with effect from December 4, 2024. The total consideration for the acquisition is Rs. 15.50 Crores. S&C is a private limited company with its registered office situated at E-301, Eastern Business District, Formerly known as Neptune Mall, L.B.S.Marg, Bhandup (West), Mumbai - 400078, Maharashtra, India. The company has Corporate Identity Number U74210MH1989PTC054107.
Key Highlights
- Kirloskar Pneumatic Co. Ltd. has acquired 55.26% equity shares of Systems and Components (India) Private Limited.
- The acquisition has been completed on December 4, 2024, pursuant to the Share Purchase and Share Holders’ Agreement (SPSHA).
- Systems and Components (India) Private Limited has become a subsidiary of Kirloskar Pneumatic Co. Ltd. with effect from December 4, 2024.
- The total consideration for the acquisition is Rs. 15.50 Crores.
- Systems and Components (India) Private Limited is a private limited company with its registered office situated at E-301, Eastern Business District, Formerly known as Neptune Mall, L.B.S.Marg, Bhandup (West), Mumbai - 400078, Maharashtra, India, and has Corporate Identity Number U74210MH1989PTC054107.