Reserve Bank of India (RBI) has allowed Foreign Institutional Investors (FIIs) to buy shares in Elpro International as the foreign shareholding in the company has gone below the prescribed limit. Accordingly, the restrictions placed by the RBI on the purchase of shares of Elpro International are withdrawn with immediate effect.
Elpro International is India's largest and among the leading companies in South Asia in the design, manufacture and supply of distribution, intermediate and station class Metal Oxide Surge Arresters with technology from GE, USA.
