Kirloskar Brothers to acquire 26% stake in Sunsure Solarpark

Kirloskar Brothers along with its wholly owned subsidiary — The Kolhapur Steel have entered into a Share Subscription and Shareholders Agreement (SSHA) for acquisition of 26% of equity share capital (upto Rs 5.00 crore) of Sunsure Solarpark Nineteen (Sunsure Solarpark). This investment is intended for the purpose of solar power captive consumption, as per the provisions of the Electricity Act, 2003.

The completion of acquisition i.e. subscription of shares will be completed in tranches as mutually agreed by the parties, tentatively within 6 months from execution of SSHA. 

Kirloskar Brothers (KBL) is a world-class pump manufacturing company with expertise in engineering and manufacture of systems for fluid management.