Kirloskar Brothers buy 100 pc equity of Aban Constructions

Mumbai, Sep 29 (UNI) Kirloskar Brothers Ltd (KBL) has acquired 100 per cent equity of the Chennai-based Aban Constructions Private Ltd for an undisclosed sum.

Announcing this, a Company press release here said the share purchasing agreement was signed in Chennai today. Aban Constructions has a revenue of over Rs 90 crore and some of its customers include Indian Oil Corporation, GAIL India, Bharat Petroleum Corporation, port trusts and state electricity boards.

ICICI Securities was the sole advisor to KBL in this transaction.

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