The entities belonging to the late Gautam Kulkarni family and a part of the promoter group of Kirloskar Oil Engines Ltd have offloaded nearly 18% stake in the company for Rs 825 crore through block deals on Wednesday...
M&M to acquire Swaraj Engines’ 17.41% stake from Kirloskar Industries
Mahindra & Mahindra(M&M) Ltd on Tuesday said it will acquire an additional 17.41 per cent stake in Swaraj Engines Ltd from Kirloskar Industries Ltd (KIL) for Rs 296 crore. The acquisition will result in...
Kirloskar Ferrous acquires ISMT Ltd: The deal – Sabka Sath Sabka Vikas
Deal Snapshot The Board of Directors of ISMT Limited (“ISMT”), at its meeting held on November 25, 2021, approved the issuance and allotment of 15,40,00,000 Equity Shares of ISMT to Kirloskar Ferrous Industries Limited...
Kirloskar Ferrous Industries to acquire 51.25% stake in Indian Seamless Metal Tubes
Castings and pig iron manufacturer, Kirloskar Ferrous Industries, is acquiring a majority stake (51.25%) in Indian Seamless Metal Tubes (ISMT) through a preferential allotment and sole control over ISMT. Kirloskar...
Kirloskar Ferrous acquires 51.25% stake in ISMT, makes an open offer at Rs 30.84 to public
Kirloskar Ferrous Industries, a subsidiary of BSE listed Kirloskar Oil Engines, has acquired a 51.25% equity stake in listed steelmaker ISMT Ltd triggering a 25 % open offer for shares from the public, according to...
Family settlement deed at the heart of Kirloskar dispute
The Kirloskar family along with their two listed businesses have now been engaged in a legal battle for over two years and at the heart of the dispute is a ‘deed of family settlement’ or DFS signed in 2009. Ironically...
Toyota Kirloskar ties up with Myles to expand car subscription service
Toyota Kirloskar Motor (TKM) on Thursday said it has joined hands with Myles Automotive Technologies to expand its car subscription service for individual customers in Delhi NCR, Mumbai, and Bengaluru. Along with the...
NCLT rejects maintainability plea filed by Kirloskar Bros
In a relief to brothers Rahul and Atul Kirloskar, the Mumbai bench of the National Company Law Tribunal (NCLT) has dismissed the maintainability petition filed by their sibling Sanjay Kirloskar-controlled company...
Kirloskar brothers go to NCLT as rift widens
Cracks in the Kirloskar family, which controls the 130-year-old Kirloskar Group, have widened. Brothers Rahul Kirloskar and Atul Kirloskar have approached the Mumbai bench of the National Company Law Tribunal (NCLT) to...
TPG Capital, Blackstone vie for Kirloskar Oil Engines
Global private equity funds Blackstone Group Lp and TPG Capital are in separate discussions to acquire a controlling stake in Kirloskar Oil Engines Ltd, two people aware of the development said. The deal is expected to...
Cummins in talks to acquire Kirloskar Oil Engines in $500 million deal
The Cummins Group, one of the world’s largest manufacturers of engines and power generation products, is in talks to acquire a controlling stake in Kirloskar Oil Engines Ltd in a deal valued at over $500 million through...
Kirloskar group in talks for majority stake sale in diesel generator unit
The Kirloskar group is in talks to sell a controlling stake in Kirloskar Oil Engines Ltd, its diesel generator manufacturing business, two people aware of the plan said. Kirloskar Oil Engines, one of the leading...