Elpro International has acquired 13.80% shareholding in its existing subsidiary Elpro Estates. Post the said acquisition, Elpro Estates becomes the wholly owned subsidiary to the company. This step has been taken by the company in order to consolidate shareholding in Elpro Estates and provide exit to financial investor.
Elpro Estates is engaged in real estate development and currently developing a Mall in Chinchwad, Pune.
Elpro International is engaged in the manufacturing of electrical industrial machinery, apparatus and parts, and construction of residential and non-residential buildings, including additions and alterations.
