Kirloskar Brothers Investments announced that the company has incorporated a wholly owned subsidiary company, 'Pneumatic Holdings'. Earlier on Sept. 02, 2014 the company has mentioned in the outcome of the board meeting for the same incorporation of subsidiary.

The company has received certificate of incorporation dated Sept. 16, 2014 of 'Pneumatic Holdings' from registrar of companies, Pune, Maharashtra.

Kirloskar Brothers Investments (KBIL) was incorporated on Apr. 16, 2009 as a wholly owned subsidiary of Kirloskar Brothers (KBL) as an investment company and for the purpose of transfer and vesting of certain Investments of KBL, on going concern basis, pursuant to the scheme of arrangement.

Shares of the company gained Rs 36.7, or 1.02%, to trade at Rs 3,651. The total volume of shares traded was 66 at the BSE (12.08 p.m., Thursday).