Introduction
Leading HVAC manufacturer expands its mobility cooling business by acquiring a bus air-conditioning division, integrating operations, assets, and employees to strengthen product offerings, enhance production capabilities, and grow presence in the transport cooling segment.
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Share price movement of KRN Heat Exchanger
On October 7, 2025, KRN Heat Exchanger and Refrigeration Ltd opened at ₹848.00, up 2.63% from its previous close of ₹826.25. The stock reached a high of ₹891.80 (7.92%) and a low of ₹843.80. By 11:47 AM, it traded at ₹861.50, a 4.27% increase, with a market cap of ₹5,354.79 crore.
KRN HVAC Acquires SRSPL Bus AC Division
KRN Heat Exchanger and Refrigeration Limited announced that its subsidiary, KRN HVAC Products Private Limited, will acquire Sphere Refrigeration Systems’ Bus Air-Conditioning division. The agreement includes assets, operations, and employees.
The acquisition expands KRN HVAC’s presence in the transport and mobility cooling segment. It strengthens the company’s product portfolio and aims to boost revenue, profitability, and market reach in the coming years.
The deal aligns with KRN’s strategy to diversify its HVAC business. Integrating SRSPL’s expertise with KRN’s manufacturing capabilities is expected to create synergies in design, production, and distribution of bus air-conditioning systems.
Ace investor holding in KRN Heat Exchanger
Mukul Mahavir Agrawal holds a 1.61% stake in KRN Heat Exchanger and Refrigeration Ltd, owning 10,00,000 shares valued at ₹86.1 crore.
Stock performance of KRN Heat Exchanger for Period of 1 week, 6 months, and 1 year
KRN Heat Exchanger and Refrigeration Ltd delivered a -1.57% return over the past week, gained 7.11% over the past six months, and surged 95.8% over the past year.
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Shareholding pattern of KRN Heat Exchanger
| Particulars | Jun 2025 | Mar 2025 | Dec 2024 |
| Promoter | 70.80% | 70.80% | 70.80% |
| FII | 2.40% | 1.20% | 2.00% |
| DII | 6.10% | 6.30% | 8.20% |
| Public | 20.80% | 21.70% | 19.10% |
About KRN Heat Exchanger
KRN Heat Exchanger and Refrigeration Ltd (NSE: KRN) designs, manufactures, and supplies fin and tube-type heat exchangers for HVAC and refrigeration industries, providing efficient thermal solutions for heating, cooling, and fluid heat transfer applications.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is KRN Heat Exchanger and Refrigeration Ltd share price going up today?
A: KRN Heat Exchanger and Refrigeration Ltd share price rose after its subsidiary acquired SRSPL’s Bus Air-Conditioning division.
Q: What does KRN Heat Exchanger and Refrigeration Ltd specialize in?
A: KRN Heat Exchanger and Refrigeration Ltd specializes in designing, manufacturing, and supplying fin and tube-type heat exchangers for HVAC and refrigeration.
Q: What is the market capitalization of KRN Heat Exchanger and Refrigeration Ltd?
A: The market capitalization of KRN Heat Exchanger and Refrigeration Ltd is ₹5,354.79 crore as of October 7, 2025.
