Elgi Equipments is currently trading at Rs. 227.10, up by 5.85 points or 2.64% from its previous closing of Rs. 221.25 on the BSE.
The scrip opened at Rs. 224.05 and has touched a high and low of Rs. 228.00 and Rs. 221.00 respectively. So far 1308 shares were traded on the counter.
The BSE group ‘B’ stock of face value Rs. 1 has touched a 52 week high of Rs. 309.60 on 01-Oct-2019 and a 52 week low of Rs. 102.25 on 07-Apr-2020.
Last one week high and low of the scrip stood at Rs. 231.35 and Rs. 210.15 respectively. The current market cap of the company is Rs. 3535.12 crore.
The promoters holding in the company stood at 31.90%, while Institutions and Non-Institutions held 31.33% and 36.77% respectively.
Elgi Equipments has entered into and signed Share Transfer agreements on September 02, 2020, separately with Elgi Compressors Italy SRL and Rotair SPA, to acquire 100% of the Equity Shares of Elgi Compressors Europe SRL (Belgium), thereby making it a wholly-owned subsidiary of the Company. Elgi Compressors Europe SRL was incorporated in Belgium to serve as the nerve centre of the Company’s European operations.
This restructuring, resulting in the Company owning 100% of Elgi Compressors Europe SRL is done for better alignment from operational and business perspectives and as per the advice received from external experts. Elgi Compressors Europe SRL was previously owned by the Company’s wholly owned subsidiaries Elgi Compressors Italy SPRL and Rotair SPA in proportion of 99% and 1% respectively.
Elgi Equipments is a holding company and an air compressor manufacturer. The company’s segments include Compressors, Automotive Equipments and Others.
