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| Exchange Disseminated Time 18/07/2016 07:41:03 | Kirloskar Brothers Ltd has informed BSE that:
1. The Company was holding entire issued and paid up Preference Share Capital of The Kolhapur Steel Limited the subsidiary of Kirloskar Brothers Limited aggregating to Rs. 25,00,00,000/- (Rupees Twenty Five Crores only) consisting of 2,50,00,000 (Two Crore Fifty Lacs) Preference Shares of Rs. 10/- each and all these shares stands redeemed on July 14, 2016.
2. The Company has invested Rs. 25,00,00,000/- (Rupees Twenty Five Crores only) in the Equity Share Capital of The Kolhapur Steel Limited, consisting of 25,00,00,000 (Twenty Five Crores) equity shares of Re. 1/- each and the same have been preferentially allotted on July 14, 2016 to the Company. |
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