Elpro International has acquired equity shares of Shilpa Medicare. The Cost of acquisition is Rs 4.05 crore. Shilpa Medicare is a global brand in manufacturing and supplying of affordable API and Formulation globally in different regulated markets. Earlier, the company had completed the acquisition of 100% stake in Faridabad Management (FMPL), a Company incorporated under the provisions of Companies Act, 1956.
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.
