Kirloskar Oil Engines Ltd is buying a majority stake in La-Gajjar Machineries, the maker of Varuna and Raindrop brands of electric pumps.
Kirloskar will acquire a 76% stake in the company at a valuation of 7.89 times earnings before interest, taxes, depreciation and amortization, reported Mint.
DSK Legal advised Kirloskar and . . .
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