Elgi Equipments Limited restructures entities in Europe

As part of restructuring of the Company's entities in Europe, Rotair SPA, a step down subsidiary of the Company has divested the entire holding in its wholly owned subsidiary Elgi Compressors Southern Europe SRL ("ECSES") on September 30, 2021. Consequent to the same, Elgi Compressors Southern Europe SRL has ceased to be a subsidiary of the Rotair, SPA. ECSES is acquired by ELGi Compressors Europe SRL, a wholly owned subsidiary of the Company.

Shares of Elgi Equipments Ltd., was last trading in BSE at Rs. 205 as compared to the previous close of Rs. 203.4. The total number of shares traded during the day was 5485 in over 252 trades.

The stock hit an intraday high of Rs. 206.35 and intraday low of 204. The net turnover during the day was Rs. 1124383.

Source : Equity Bulls

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