Kirloskar Electric's creditors approve amalgamation scheme

New Delhi, Apr 23 (UNI) Kirloskar Electric Company Ltd, electrical components manufacturer, today said its secured creditors have approved the scheme of arrangement and amalgamation as of Kirloskar Power Equipments Ltd and Kaytee Switchgear Ltd with the parent firm.

The company said in a statement that at its meeting held on April 16, the creditors approved the scheme.

Earlier on March 24, the unsecured creditors and the preference shareholders of Kirloskar Electric had unanimously approved the same scheme.

The company's product offering includes AC motors, AC generators, DC machines, traction equipments, electronics, switchgear, UPS and transformers.

UNI SG SBA PM1637