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Kirloskar Electric forms new subsidiary in Netherlands

Shalini Kakkad 14 August 2008

Kirloskar Electric forms new subsidiary in Netherlands Kirloskar Electric, one of India 's leading manufacturers of electrical and power equipment has announced that it has formed a subsidiary company in the Netherlands. The company's newly formed subsidiary would be known as Kirsons BV. Shares of the company declined Rs 3 or 2%, to settle at Rs 132. The total volume of shares traded was 3,612 at the BSE.