DSK, PDS Legal act on Kirloskar acquisition of La-Gajjar Machineries

Bar & Bench June 22 2017

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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