# 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.

- Type: Acquisition
- Announced: 2022-09-22
- Where: India
- Status: announced
- Products: submersible pumps, monoblock pumps, stainless-steel pumps
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Kirloskar Oil Engines](https://endata.com/companies/1636.md) (acquirer)
- [La-Gajjar Machineries](https://endata.com/companies/1637.md) (target)

## Sources

- [indiainfoline.com](https://www.indiainfoline.com/news/markets/kirloskar-oil-engines-soars-on-consolidating-stake-in-la-gajjar-machineries), 2022-09-22: "By completing the acquisition as per previously agreed timelines, LGM will become a 100% subsidiary of KOEL."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.