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The Board of Directors of Kirloskar Oil Engines at its meeting held on April 2, had given its consent to invest in the equity shares of Kirloskar Capital, a wholly-owned subsidiary of the company, for up to ₹499.50 crore. It may be recalled that Kirloskar Capital last year received RBI licence to start a non-banking financial company. Shares of Kirloskar Oil Engines jumped 2.3 per cent at ₹178.70 on the BSE.
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