Elgi Equipments incorporates subsidiary company in Belgium

02 Feb 2019 Evaluate

Elgi Equipments has incorporated a new company in Brussels, Belgium namely ‘Elgi Compressors Belgium SPRL’ as a step down subsidiary company. Thus, Elgi Compressors Belgium SPRL will be a Wholly Owned Subsidiary of Elgi Compressors Europe SRL, which in turn is a wholly owned subsidiary of Elgi Equipments. The total cost of acquisition at which the shares are acquired is euro 50,000.

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

Elgi Equipments Share Price

329.75 -7.85 (-2.33%)
May 23, 18:01 View Price Chart
Peers
Company Name CMP
Dynamatic Tech 1905.70
Elgi Equipments 329.75
Shakti Pumps (I) 471.10
Kirloskar Pneumatic 402.85
Ingersoll Rand 1486.90
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