Elpro International has acquired 67,460 Equity Shares of HDFC Bank for Investment Purpose. Cost of acquisition is Rs 10.97 crore.
Earlier, the company had acquired 3,58,125 equity shares of SBI General Insurance Company for Investment Purpose. Cost of acquisition is Rs 39.39 crore.
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.