Elpro International has acquired 3,58,125 equity shares of SBI General Insurance Company for Investment Purpose. Cost of acquisition is Rs 39.39 crore. SBI General Insurance Company is general insurance company founded in year 2009 having registered office at Mumbai, Maharashtra, India. It started operations in 2010 and is headquartered in Mumbai, India.
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.
