Elpro International has received an approval to offload 1.25% of its equity stake in PNB MetLife Insurance Company (PNB MetLife), which may fetch it about Rs 125 crore. The board of director at its meeting held on March 19, 2018 has approved for the same. The company currently holds 12.75% equity in PNB MetLife, which is engaged in the business of life insurance.
This step has been taken for effective treasury management and cash flow requirement for the business of the company. The company is also in discussion with one potential buyer for sale of part of its investment.
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.
| Company Name | CMP |
|---|---|
| Lodha Developers | 930.30 |
| Dilip Buildcon | 487.35 |
| DLF | 590.45 |
| Oberoi Realty | 1633.95 |
| Ahluwalia Contract(I | 822.90 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: