Kirloskar Pneumatic surges on acquiring balance 44.74% stake in subsidiary company
Kirloskar Pneumatic Company is currently trading at Rs. 1560.00, up by 54.65 points or 3.63% from its previous closing of Rs. 1505.35 on the BSE.
The scrip opened at Rs. 1544.95 and has touched a high and low of Rs. 1588.00 and Rs. 1526.00 respectively. So far 22691 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1562.50 on 28-Apr-2026 and a 52 week low of Rs. 955.00 on 02-Mar-2026.
Last one week high and low of the scrip stood at Rs. 1,588.00 and Rs. 1,051.00 respectively. The current market cap of the company is Rs. 10101.00 crore.
The promoters holding in the company stood at 38.81%, while Institutions and Non-Institutions held 36.12% and 25.07% respectively.
Kirloskar Pneumatic Company (KPCL) has acquired balance 44.74% equity shares from the existing Promoter Shareholder of Systems and Components (India) (subsidiary company) on May 4, 2026 pursuant to the Share Purchase and Share Holders’ Agreement (SPSHA). As a result, the subsidiary company has become Wholly Owned Subsidiary of KPCL with effect from May 4, 2026. Cost of acquisition is Rs 12.55 crore.
