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Elpro International acquires stake in Bajaj Finance
Apr-27-2024

Elpro International has acquired equity shares of Bajaj Finance. The cost of acquisition is Rs 16.61 crore. Bajaj Finance is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC).  

Earlier, the company had acquired equity shares of Thyrocare Technologies. The cost of acquisition is Rs 5.53 crore. 

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.


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