Elpro International has acquired additional 1,50,000 Equity Shares of Jio Financial Services for Investment Purpose. Cost of acquisition is Rs 3.10 crore. With this acquisition, total holding increased to 2,07,166 equity shares.
Jio Financial Services (JFSL) was originally incorporated as Reliance Strategic Investments Private Limited on July 22, 1999 under the Companies Act 1956. JFSL is a Systemically Important Non-Deposit Taking Non-Banking Financial Company (NBFC-ND-SI) registered with Reserve Bank of India (RBI).
Elpro International is the only one outside the United States to manufacture surge arresters and zinc oxide discs with GE technology, acknowledged to be the best in the world.
