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Elpro International acquires stakes in Indus Towers, RBL Bank

02 Feb 2024 Evaluate

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.

Peers
Company Name CMP
Lodha Developers 1061.90
Prestige EstatesProj 1486.20
Dilip Buildcon 402.65
DLF 674.00
Oberoi Realty 1707.35
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