Elpro International has acquired additional 1,00,000 equity shares in Vedanta Aluminium Metal for investment purpose. Cost of acquisition is Rs 4.62 crore. Total holding of the company with fresh acquisition is 2,20,000 equity shares in Vedanta Aluminium Metal. Vedanta Aluminium Metal is amongst the world's top aluminium producers.
Earlier, the company had acquired 1,06,000 equity shares in DLF for investment purpose for Rs 6.01 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.
