Elpro International has acquired 10,00,000 equity shares of Indiabulls Housing Finance (Right Entitlements). The Cost of acquisition is Rs 4.28 crore. Earlier, the company had acquired 2,00,000 equity shares in Indus Towers for Rs 4.33 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.