Elgi Equipments’ arm inks pact to acquire 33.33% stake in CS Industrial Services LLC

10 Mar 2023 Evaluate

Elgi Equipments’ wholly owned subsidiary -- Elgi Compressors USA Inc. 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, for sale of ELGi branded compressors in Western New York region.

Elgi Equipments is a holding company and an air compressor manufacturer. The company’s segments include Compressors, Automotive Equipments and Others.

Elgi Equipments Share Price

598.50 2.65 (0.44%)
23-Dec-2024 09:22 View Price Chart
Peers
Company Name CMP
KSB 770.00
Elgi Equipments 598.50
Dynamatic Tech 8183.35
Kirloskar Pneumatic 1641.95
Shakti Pumps (I) 936.20
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