Kirloskar Oil gets nod for sale of castings division
Diesel engines manufacturer, Kirloskar Oil Engines Ltd on Monday said it has received shareholders' approval for the sale of its castings division, Kirloskar Ferrous Industries Ltd, for Rs 21 crore.
By PTI |
MUMBAI: Diesel engines manufacturer, Kirloskar Oil Engines Ltd on Monday said it has received shareholders' approval for the sale of its castings division, Kirloskar Ferrous Industries Ltd, for Rs 21 crore.
The shareholders of the company by way of postal ballot, have approved the sale of the castings division at Shivakashi, Solapur with requisite majority, the company informed the Bombay Stock Exchange.
In june this year the board of directors had approved the hive off of the castings division of the company.
The shares of the company were trading at Rs 190, up 2.62 per cent at the BSE.
The shareholders of the company by way of postal ballot, have approved the sale of the castings division at Shivakashi, Solapur with requisite majority, the company informed the Bombay Stock Exchange.
In june this year the board of directors had approved the hive off of the castings division of the company.
The shares of the company were trading at Rs 190, up 2.62 per cent at the BSE.
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