Elpro International has acquired additional 57,500 equity shares in Ganesha Ecosphere. Total holding of the company with fresh acquisition is 1,21,540 equity shares in Ganesha Ecosphere. Cost of acquisition is Rs 5.65 crore. Ganesha Ecosphere has emerged as one of the leading rPET Fibre manufacturers in India.
Earlier, the company had acquired additional 53,566 equity shares in Ganesha Ecosphere.
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.
