Kirloskar Pneumatic Company Completes Acquisition of Majority Stake in Subsidiary
Kirloskar Pneumatic Company Limited announced the execution of an amendment to its Share Purchase and Shareholders' Agreement (SPSHA) on April 27, 2026. The amendment confirms the acquisition of a significant equity stake in Systems and Components India Private Limited, the company's subsidiary.Following the Board's approval during its meeting on the same date, Kirloskar Pneumatic acquired the balance 44.74% equity shares of Systems and Components India Private Limited. The stake was purchased from the existing Promoter Shareholder of the subsidiary company.
The transaction, which strengthens the company’s holding in the subsidiary, was completed at a total consideration of Rs. 12.55 Crores.
The key details of the acquisition are summarized below:
| Detail | Description | Value |
|---|---|---|
| Subsidiary Name | Systems and Components India Private Limited | |
| Stake Acquired | Balance equity shares | 44.74% |
| Transaction Date | April 27, 2026 | |
| Source of Shares | Existing Promoter Shareholder | |
| Consideration | Total Purchase Price | Rs. 12.55 Crores |
The acquisition is structured through an amendment to the Shareholders' Agreement initially dated October 24, 2024. Kirloskar Pneumatic Company Limited confirmed the completion of this transaction after the requisite approvals were received.
KIRLPNU Stock Price Movement
Today, Kirloskar Pneumatic Company Limited shares edged higher to close at ₹1448.3, gaining 8.75% for the day. The stock found strong momentum, supported by the trading of over 2.09 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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