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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.

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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