Kirloskar Ferrous Industries Limited (BSE:500245) agreed to acquire Oliver Engineering Private Limited in a bankruptcy sale on August 14, 2023. The transaction was approved by National Company Law Tribunal on September 12, 2023. Satish Kishanchandani and Sanket Jain of Pioneer Legal acted as legal advisor to Kirloskar Ferrous Industries. KPMG Corporate Finance India acted as financial advisor to Kirloskar Ferrous Industries.

Kirloskar Ferrous Industries Limited (BSE:500245) completed the acquisition of Oliver Engineering Private Limited for INR 90 million in a bankruptcy sale on September 29, 2023.