Elpro International inches up on acquiring stake in Religare Enterprises
Elpro International is currently trading at Rs. 91.00, up by 0.02 points or 0.02% from its previous closing of Rs. 90.98 on the BSE.
The scrip opened at Rs. 90.98 and has touched a high and low of Rs. 91.49 and Rs. 88.61 respectively. So far 15031 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 99.90 on 12-Feb-2024 and a 52 week low of Rs. 54.50 on 04-Aug-2023.
Last one week high and low of the scrip stood at Rs. 92.80 and Rs. 79.12 respectively. The current market cap of the company is Rs. 1548.87 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 11.34% and 13.66% respectively.
Elpro International has acquired equity shares of Religare Enterprises. The cost of acquisition is Rs 3.56 crore. Religare, a Core Investment Company, provides a comprehensive range of financial services through its subsidiaries and operating entities.
Earlier, the company had acquired equity shares of Multi Commodity Exchange of India.
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.
