Company news: Kirloskar Oil Engines

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.