Elpro International rises on acquiring 100% stake in FortuneCapital Holding
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Elpro International is currently trading at Rs. 77.01, up by 0.59 points or 0.77% from its previous closing of Rs. 76.42 on the BSE.
The scrip opened at Rs. 77.00 and has touched a high and low of Rs. 78.20 and Rs. 76.33 respectively. So far 6451 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 88.90 on 31-Aug-2023 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. 80.00 and Rs. 72.01 respectively. The current market cap of the company is Rs. 1300.75 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 completed the acquisition of 100% of the equity shares of Fortune Capital Holding (FCHPL), a company registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI). With this acquisition, FCHPL is now a wholly-owned Subsidiary of the 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.
