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
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