Elpro International soars on acquiring stake in Sagility India
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Elpro International is currently trading at Rs. 108.85, up by 9.05 points or 9.07% from its previous closing of Rs. 99.80 on the BSE.
The scrip opened at Rs. 99.50 and has touched a high and low of Rs. 110.40 and Rs. 99.50 respectively. So far 353297 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. 73.00 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 113.80 and Rs. 98.15 respectively. The current market cap of the company is Rs. 1829.53 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 10.46% and 14.54% respectively.
Elpro International has acquired 33,33,333 Equity Shares of Sagility India. The cost of acquisition is Rs 10 crore. Sagility is a technology-enabled, pure-play healthcare focused solutions and services provider that supports US-based payers, providers, and their partners to deliver best-in-class operations, enhance the member and provider experience, and improve the quality of care all while delivering cost effective healthcare financial and clinical outcomes.
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.
