Kirloskar Industries Limited s arm approves revised plan for its land parcel at Kothrud, Pune equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
At meeting held on 15 May 2021The Board of Kirloskar Industries at its meeting held on 15 May 2021 has given its consent to invest in equity shares of Wellness Space Developers (WSDL), a wholly owned subsidiary of the Company upto Rs 15 crore by way of Rights lssue, subject to increase in the Authorised Share Capital of WSDL.
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Held on 19 December 2020The 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.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)