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 the team was led by Partner Ajay Shaw, Manager Gaurav Mistry and Associate Viraj Gami were involved on the transaction..PDS Legal acted for La-Gajjar Machineries and the team included Partner Vihang Virkar, Executive Director Monika Deshmukh, Principal Associate Dheeraj Khanna and Associate Sakshi Kalra.
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 the team was led by Partner Ajay Shaw, Manager Gaurav Mistry and Associate Viraj Gami were involved on the transaction..PDS Legal acted for La-Gajjar Machineries and the team included Partner Vihang Virkar, Executive Director Monika Deshmukh, Principal Associate Dheeraj Khanna and Associate Sakshi Kalra.
