Kirloskar Pneumatic Company Limited has informed the Exchange about Acquisition
KIRLPNU · price
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Kirloskar Pneumatic Company Limited (KPCL) has completed the acquisition of the remaining 44.74% equity shares in Systems and Components (India) Private Limited from the existing promoter shareholder. The transaction was completed on May 4, 2026, pursuant to a Share Purchase and Share Holders Agreement (SPSHA). KPCL paid a total consideration of Rs. 12.55 Crores for this stake. With this acquisition, Systems and Components (India) Private Limited has become a Wholly Owned Subsidiary of KPCL, effective May 4, 2026. This acquisition consolidates KPCL's full ownership and control over the subsidiary company.
This acquisition strengthens KPCL's control over its subsidiary by making it wholly owned, which could provide greater operational synergies and simplified decision-making. For shareholders, this consolidation may enhance the parent's asset base and earnings potential from the subsidiary.