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Elpro International rises on acquiring stakes in Indus Towers, RBL Bank
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Elpro International is currently trading at Rs. 89.12, up by 0.11 points or 0.12% from its previous closing of Rs. 89.01 on the BSE.
The scrip opened at Rs. 90.00 and has touched a high and low of Rs. 90.00 and Rs. 88.21 respectively. So far 1261 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 97.95 on 11-Dec-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. 90.00 and Rs. 85.00 respectively. The current market cap of the company is Rs. 1510.40 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 2,00,000 equity shares in Indus Towers for Rs 4.33 crore. Besides, the company has also acquired 1,00,000 equity shares in RBL Bank for Rs 2.67 crore. Earlier, the company had acquired 8,245 equity shares for Rs 2.77 crore in Nuvama Wealth Management.
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.
