Acquisitions6 Aug 2025, 07:33 pm
Knowledge Marine & Engineering Works Completes Acquisition of Three Subsidiaries
AI Summary
Knowledge Marine & Engineering Works Ltd. has completed the acquisition of three subsidiaries: Indian Ports Dredging Private Limited, Knowledge Infra Ports Private Limited, and Kamal Marine & Engineering Works Private Limited. The acquisitions were made for a total consideration of around Rs. 41.53 Lakhs, Rs. 34.44 Lakhs, and Rs. 121.87 Lakhs respectively. These acquisitions have made Indian Ports Dredging Private Limited and Knowledge Infra Ports Private Limited wholly owned subsidiaries of KMEW, and Kamal Marine & Engineering Works Private Limited a subsidiary of KMEW.
Key Highlights
- Acquisition of Indian Ports Dredging Private Limited for a total consideration of around Rs. 41.53 Lakhs
- Acquisition of Knowledge Infra Ports Private Limited for a total consideration of around Rs. 34.44 Lakhs
- Acquisition of Kamal Marine & Engineering Works Private Limited for a total consideration of around Rs. 121.87 Lakhs
- Indian Ports Dredging Private Limited and Knowledge Infra Ports Private Limited have become wholly owned subsidiaries of KMEW
- Kamal Marine & Engineering Works Private Limited has become a subsidiary of KMEW