Elpro International jumps on acquiring stake in Arvind Fashions
Elpro International is currently trading at Rs. 98.10, up by 2.55 points or 2.67% from its previous closing of Rs. 95.55 on the BSE.
The scrip opened at Rs. 98.00 and has touched a high and low of Rs. 99.30 and Rs. 95.60 respectively. So far 19316 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 147.70 on 01-Oct-2024 and a 52 week low of Rs. 62.30 on 19-Feb-2025.
Last one week high and low of the scrip stood at Rs. 100.00 and Rs. 93.55 respectively. The current market cap of the company is Rs. 1682.08 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 8.37% and 16.63% respectively.
Elpro International has acquired 92,364 equity shares of Arvind Fashions. The company’s previous holding was 2,02,852 equity shares. Total holding with fresh acquisition is 2,95,216 equity shares. The cost of acquisition is Rs 5 crore. Arvind Fashions is one of India's foremost lifestyle companies, with a strong portfolio of renowned fashion brands.
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.
