Elgi Equipments’ wholly owned subsidiary -- Elgi Gulf FZE has incorporated a company by the name, and proposes to subscribe and invest in an extent of 1.47 lakh UAE Dirhams constituting 49% of the total capital of, Elgi Gulf Mechanical and Engineering Equipment Trading LLC in UAE.
The object of proposing to acquire 49% ownership stake in this company is to facilitate sale of air compressors for customers located in United Arab Emirates.
Elgi Equipments is a holding company and an air compressor manufacturer. The company’s segments include Compressors, Automotive Equipments and Others.
