Enter your city for weather info

Invalid City Name

rain icon
Temperature 22°C
Status Clear
City New York
4-Day Forecast
Humidity icon



wind icon

15 km/h

Wind Speed

Please Enter OTP For Tractor Price कृपया ट्रैक्टर की कीमत के लिए ओटीपी दर्ज करें
Enquiry icon
Enquiry Form

M & M to acquire Swaraj Engines 17 percent stake from Kirloskar Industries | Tractorgyan

M & M to acquire Swaraj Engines 17 percent stake from Kirloskar Industries | Tractorgyan

    M & M to acquire Swaraj Engines 17 percent stake from Kirloskar Industries | Tractorgyan

21 Sep, 2022

Mahindra & Mahindra (M&M) Ltd on Tuesday said it will acquire an additional 17.41 per cent stake in Swaraj Engines Ltd from Kirloskar Industries Ltd (KIL) for Rs 296 crore.

The acquisition will result in increasing the company's stake in Swaraj Engines Ltd (SEL) to 52.13 per cent from 34.72 per cent, M&M said in a regulatory filing.

The company proposes to acquire 21,14,349 equity shares constituting 17.41 per cent of the paid up equity share capital of SEL from KIL at a price of Rs 1,400 per share, it said.

Consequently, SEL, which is currently an associate of the company, would become a subsidiary of M&M, the filing said.

Based in Mohali, Punjab, SEL is in the business of manufacturing of diesel engines and its components. It was promoted in 1985 by erstwhile Punjab Tractors Ltd, which has since merged with M&M, and the then Kirloskar Oil Engines Ltd (now KIL).

It had a total revenue from operations of Rs 1,138.15 crore for the year ended March 31, 2022, it said.

https://images.tractorgyan.com/uploads/27051/632ac9ecb8e6d_uses-of-tractor.png Know the Different Uses of Tractors in Agriculture, Construction, and Industries | Tractorgyan
Agriculture and tractor go hand in hand in India. Agriculture proves to be efficient and one of the most important activities in our country. 60 perce...
https://images.tractorgyan.com/uploads/27064/632c1d988ebef_soil-preparation.png Soil Preparation : Steps for Preparing Soil Before Sowing the Seeds | Tractorgyan
Soil is the main component or ingredient in dealing with the process of farming or crop production. Healthy and fertile soil will not only define the ...
https://images.tractorgyan.com/uploads/27085/632eb1b6108f7_earthworms.png Know why earthworms are called farmers friends | Tractorgyan
Earthworms are known as farmers' friends since they enhance the health of the soil and plants. In the soil, earthworms are typically present. An earth...

Top searching blogs about Tractors and Agriculture

Top 10 Tractor brands in india To 10 Agro Based Indutries in India
Rabi Crops and Zaid Crops seasons in India Commercial Farming
DBT agriculture Traditional and Modern Farming
Top 9 mileage tractor in India Top 5 tractor tyres brands
Top 11 agriculture states in India top 13 powerful tractors in india
Tractor Subsidy in India Top 10 tractors under 5 Lakhs
Top 12 agriculture tools in India 40 Hp-50 Hp Tractors in India

review Write Comment About Blog.

Enter your review about the blog through the form below.

Customer Reviews

Hello tractorgyan.com administrator, Keep up the good work, admin!

user reviewBy Lamar Jeffcott  23-02-2023

Popular Posts


CNH India reaches 7 Lakh Tractor production mark in Greater Noida Plant

Greater Noida, July 22, 2024: CNH – a global leader in agriculture with its New Holland and Ca...


Live Update: Nirmala Sitharaman presents Modi Government 3.0 Union Budget 2024-25

The Union Budget for fiscal year 2024-25 is presented today in Lok Sabha by Finance Minister, Nirmal...


Live Update: मोदी सरकार 3.0 का वित्तमंत्री निर्मला सीतारमण पेश करने जा रही है, केंद्रीय बजट 2024–25

वित्त वर्ष 2024-25 के लिए केंद्रीय बजट वित्त मंत्री निर्मला सीतारमण द्वारा आज लोकसभा में पेश किया गय...

Select Language

tractorgyan offeringsTractorGyan Offerings