The company will acquire class A shares of $1,00,000 and class B shares of $25,000 and it is expected to be completed till 31th march 2023.
Elgi Equipments is engaged in manufacturing of air compressors. The company's consolidated net profit jumped 91.9% to Rs 80.06 crore on 17.8% rise in net sales to Rs 772.44 crore in Q3 FY23 over Q3 FY22.