Kirloskar Pneumatic signs MoU to acquire 54.55% stake in Systems and Components India

Kirloskar Pneumatic Company signed a memorandum of understanding on 21 June 2024 to acquire a 54.55% equity stake in refrigeration firm Systems and Components India for around Rs 15 crore in cash.

“Kirloskar Pneumatic Company has entered into a Memorandum of Understanding with System and Components India on 21 June 2024 for acquisition of 54.55% equity stake in System and Components India.”capitalmarket.com

• 2 sources
• capitalmarket.comKirloskar Pneumatic Company to acquire majority stake in System and Components India | Capital Market NewsJun 21, 2024
• thehindubusinessline.comKirloskar Pneumatic to acquire a majority stake in Systems and Components India - The HinduBusinessLineJun 21, 2024

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