Kirloskar Oil Engines Ltd signs shareholders’ agreement for TPG’s ₹525 crore investment in Arka, with a further ₹275 crore possible
- The additional investment is subject to business milestones and regulatory approvals.
- KOEL’s indirect fully diluted stake in Arka is expected to fall to 68.587% after the first tranche and 62.607% after the second.
- TPG will receive a nominee director and specified governance and minority-protection rights; KOEL’s management and control remain unchanged.