Online BusinessKirloskar Bros raises stake in four firms
Pump manufacturer Kirloskar Brothers today said it has acquired controlling stakes in four companies.
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"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.