Don’t miss the latest developments in business and finance.

Outcome of board meeting of Kirloskar Industries

Image
Capital Market
Last Updated : Dec 21 2020 | 11:50 AM IST

Held on 19 December 2020

The Board of Kirloskar Industries at its meeting held on 19 December 2020 has accorded its approval for acquisition of 100% equity share capital of Wellness Space Developers (WSDPL) and to make it a Wholly-Owned Subsidiary of the Company. The Board has approved the transfer of the Company's 'Real Estate Business Undertaking at Kothrud' on a going concern basis to WSDPL by way of a 'Slump Sale'. Business Transfer Agreement has been executed by and between the Company and WSDPL.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Dec 21 2020 | 11:37 AM IST

Next Story