Inimates about cancellation of shares due to cross holdings
Kirloskar Oil Engines announced that pursuant to the Composite Scheme of Arrangement and Amalgamation (the Scheme) between Kirloskar Brothers Investments (KBIL - Transferor Company), Pneumatic Holdings (PHL - Resulting Company) and Kirloskar Oil Engines (KOEL - Transferee Company) and their respective shareholders and creditors, 8,03,88,514 equity shares held by KBIL in KOEL cancelled on account of Cross holdings. In view of this KBIL is ceased to be holding company of KOEL.Powered by Capital Market - Live News
