Elpro International has acquired 3,00,000 equity shares of Manappuram Finance. The cost of acquisition is Rs 4.20 crore. Manappuram Finance is a Non-Banking Finance Company (NBFC), which provides a wide range of fund based and fee based services including gold loans, money exchange facilities, etc.
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.