Elpro International has acquired additional 2,44,383 equity shares of Greaves Cotton for investment purpose. The cost of acquisition is Rs 5 crore. Total holding of the company with fresh acquisition is 11,48,278 equity shares in Greaves Cotton.
Greaves Cotton is a diversified, multi-product, multi-fuel, and multi-location engineering company.
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.
