Kirloskar Bros raises stake in four firms
Pump manufacturer Kirloskar Brothers today said it has acquired controlling stakes in four companies.
"The company has acquired additional shares of four firms and the company has become the holding company of these companies," Kirloskar Brothers said in a filing to the Bombay Stock Exchange.
Kirloskar Brothers has acquired 66 per cent stake in Kirloskar Corrocost, a company engaged in supply and application of anti-corrosive material. It has increased holding in Quadromatic Engineering, a manufacturer of parts of gas compressor and hydraulic products, to 90.38 per cent, the filing added.