Kirloskar Pneumatic Company acquires balance 44.74% stake in subsidiary company
Cost of acquisition is Rs 12.55 crore
Kirloskar Pneumatic Company (KPCL) has acquired balance 44.74% equity shares from the existing Promoter Shareholder of Systems and Components (India) (subsidiary company) on May 4, 2026 pursuant to the Share Purchase and Share Holders’ Agreement (SPSHA). As a result, the subsidiary company has become Wholly Owned Subsidiary of KPCL with effect from May 4, 2026. Cost of acquisition is Rs 12.55 crore.
Kirloskar Pneumatic Company is India’s leading name in Compressed Air, Air-conditioning & Refrigeration and Hydraulic Power Transmission. The company is now a part of Kirloskar group.
