Kirloskar Ferrous Industries Limited (KFIL), one of the leading castings and pig iron manufacturers in India, announced the Scheme of Arrangement and Merger to amalgamate and consolidate the entire Undertaking business and operations of Indian Seamless Metal Tubes Limited (ISMT). Commenting on the merger, Atul Kirloskar, Chairman, KFIL, said, “We acquired ISMT in March 2022,…
Kirloskar Ferrous Industries Limited announced it has appointed Pravir Kumar Vohra as an Additional Director in the category of Independent Director, with effect from August 5, 2022. According to the company’s exchange filing, “we wish to inform that upon recommendation of the Nomination and Remuneration Committee, the Board of Directors at its meeting held on…
Kirloskar Ferrous Industries Ltd, one of India’s largest castings and pig iron manufacturers, has agreed to acquire a majority stake in Indian Seamless Metal Tubes (ISMT) Limited, the largest integrated specialized seamless tube manufacturer in India. KFIL will subscribe to shares for an aggregate consideration of Rs. 476.63 Crores at a per share price of…