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Elgi Equipments’ arm completes divestment of entire stake in joint venture

22 Aug 2024 Evaluate

Elgi Equipments’ wholly owned subsidiary -- Elgi Compressors USA Inc (Elgi USA) has completed divestment of entire stake in its Joint Venture G3 Industrial Solutions LLC, USA, to the joint venture partners for a total consideration of $324,429. 

As per the terms of the operating agreement, post divestment of Elgi USA’s stake, G3 Industrial Solutions LLC shall be the exclusive distributor to sell, maintain and service ELGi branded oil flooded rotary screw category products for a period of five years.

Elgi Equipments is a holding company and an air compressor manufacturer. The company’s segments include Compressors, Automotive Equipments and Others.

Elgi Equipments Share Price

549.00 7.25 (1.34%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Kirloskar Brothers 1764.10
KSB 966.60
Shakti Pumps (I) 573.95
Elgi Equipments 549.00
Kirloskar Pneumatic 1264.85
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