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Elgi Equipments acquires 6.55% stake in First Energy TN 1

01 Aug 2022 Evaluate

Elgi Equipments has acquired 14,40,000 shares constituting 6.55% of paid up share capital in First Energy TN 1. The object of acquisition of 6.55% shareholding is to comply with the minimum shareholding requirement of 26% under the captive project rules along with other captive users. Cost of acquisition is Rs 1,44,00,000.

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

549.00 7.25 (1.34%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Kirloskar Brothers 1764.10
KSB 966.60
Shakti Pumps (I) 573.95
Elgi Equipments 549.00
Kirloskar Pneumatic 1264.85
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