Kirloskar Pneumatic Acquires 99.49% Stake in KSEA, Making it Subsidiary
Kirloskar Pneumatic Company Limited has completed the acquisition of 99.49% of the total voting power in Kirloskar South East Asia Co. Limited (KSEA). The transaction, finalized on August 3, 2026, resulted in KSEA becoming a subsidiary of Kirloskar Pneumatic Company Limited as per the Companies Act, 2013.The acquisition was executed via a Share Purchase Agreement (SPA), and the total consideration paid for the stake amounted to 1,70,52,750 THB, which was equivalent to Rs. 4,94,52,975/- in cash payment.Details of KSEA and Acquisition
Kirloskar South East Asia Co. Limited (KSEA) is a company incorporated in Thailand on March 31, 2016. The target entity holds total...