Elgi Compressors USA Inc to acquire stake in CS Industrial Services LLC, USA

Elgi Compressors USA Inc., USA, a wholly owned subsidiary of the Company has entered into an operating agreement for acquisition of 33.33% in the share capital of CS Industrial Services LLC, USA, a North Carolina limited liability company on March 9, 2023.

CS Industrial Services LLC will act as an exclusive dealer / distributor for Elgi Compressors USA Inc, forsale of ELGi branded compressors in Western New York region.

Shares of Elgi Equipments Limited was last trading in BSE at Rs. 469.00 as compared to the previous close of Rs. 469.10. The total number of shares traded during the day was 7263 in over 518 trades.

The stock hit an intraday high of Rs. 471.20 and intraday low of 460.15. The net turnover during the day was Rs. 3392018.00.

Source : Equity Bulls

Keywords

ElgiEquipments INE285A01027 ElgiCompressorsUSA OperatingAgreement StakeAcquisition CSIndustrialServices