Elgi Equipments completes incorporation of step down subsidiary

Elgi Equipments Ltd. | Compressors / Pumps | Capital Goods & Industrial Consumables | BSE: 522074 | NSE: ELGIEQUIP

20 Dec 2019 Evaluate

Elgi Equipments has completed the incorporation of step down subsidiary in Spain by name Elgi Compressors Iberia SL. The company’s wholly owned subsidiary -- Elgi Compressors Europe SRL has 100% stake in the incorporated company.

Elgi Compressors Iberia SL is incorporated in Spain and registered with Mercantile Registry, Spain and yet to commence its business 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	1772.00
Elgi Equipments	602.95
Shakti Pumps (India)	466.85
KSB	817.95
Oswal Pumps	275.15
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.