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Elgi Equipments incorporates WOS company in Australia

18 Jul 2018 Evaluate

Elgi Equipments has incorporated a new company in Australia by name ‘Industrial Air Compressors’ as a wholly owned subsidiary (WOS) company. The percentage of shareholding is 100% with initial subscription of 120 Shares of Australian Dollar 1 each. Industrial Air Compressors is yet to begin its business and commercial operations.

Elgi Equipments is a holding company and an air compressor manufacturer. The company’s segments include Compressors, Automotive Equipments and Others.

Peers
Company Name CMP
Kirloskar Brothers 1629.45
Elgi Equipments 556.10
Shakti Pumps (India) 348.80
KSB 629.60
Oswal Pumps 229.30
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