Elpro International soars on acquiring additional stake in Jio Financial Services
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Elpro International is currently trading at Rs. 74.65, up by 5.93 points or 8.63% from its previous closing of Rs. 68.72 on the BSE.
The scrip opened at Rs. 70.00 and has touched a high and low of Rs. 74.60 and Rs. 70.00 respectively. So far 48861 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 86.25 on 08-Sep-2022 and a 52 week low of Rs. 53.00 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 74.65 and Rs. 66.50 respectively. The current market cap of the company is Rs. 1164.66 crore.
The promoters holding in the company stood at 74.99%, while Institutions and Non-Institutions held 12.43% and 12.58% respectively.
Elpro International has acquired additional 1,50,000 Equity Shares of Jio Financial Services for Investment Purpose. Cost of acquisition is Rs 3.10 crore. With this acquisition, total holding increased to 2,07,166 equity shares.
Jio Financial Services (JFSL) was originally incorporated as Reliance Strategic Investments Private Limited on July 22, 1999 under the Companies Act 1956. JFSL is a Systemically Important Non-Deposit Taking Non-Banking Financial Company (NBFC-ND-SI) registered with Reserve Bank of India (RBI).
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.
