Elpro International has acquired 2,00,000 equity shares in Indus Towers for Rs 4.33 crore. Besides, the company has also acquired 1,00,000 equity shares in RBL Bank for Rs 2.67 crore. Earlier, the company had acquired 8,245 equity shares for Rs 2.77 crore in Nuvama Wealth Management.
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.