Monday, June 15, 2009

Kirloskar Oil gets shareholders nod for demerger

Diesel engines manufacturer Kirloskar Oil Engines today said shareholders have approved the demerger of its engine and auto component business into Kirloskar Engines India Ltd.

The shareholders have approved the scheme of arrangement between the company and Kirloskar Engines India Ltd, Kirloskar Oil Engines said in a filing to the BSE.

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