Kirloskar Oil Engines to consolidate stake in La-Gajjar Machineries

Kirloskar Oil Engines (KOEL) is acquiring the remaining 24% stake in La-Gajjar Machineries (LGM) to make it a 100% subsidiary, completing a process started in 2017. The transaction is expected to close by September 29, 2022.

“By completing the acquisition as per previously agreed timelines, LGM will become a 100% subsidiary of KOEL.”indiainfoline.com

• 1 source
• indiainfoline.comKirloskar Oil Engines soars on consolidating stake in La-Gajjar MachineriesSep 22, 2022

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