Corporate News 21-Sep-22
Kirloskar Oil Engines to acquire balance stake in La-Gajjar Machineries
Kirloskar Oil Engines (KOEL) announced today announced that it will acquire balance stake in La-Gajjar Machineries (LGM), Ahmedabad. KOEL had acquired 76% stake in LGM in the year 2017 with an agreement that the balance holding will be acquired by KOEL over a 5 year period. By completing the acquisition as per previously agreed timelines, LGM will become a 100% subsidiary of KOEL.
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