Elpro International has acquired 33,650 shares of HDFC Bank at an acquisition cost of Rs 5.01 crore. The previous holding was 2,19,663 equity shares and total holding with fresh acquisition is 2,53,313 equity shares.
HDFC Bank is one of India's leading private banks and was among the first to receive approval from the Reserve Bank of India (RBI) to set up a private sector bank in 1994.
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.
