Joint Venture22 Jul 2024, 11:57 pm
ELGI Equiments Ltd. Completes $100,100 USD Divestment in CS Industrial Services LLC
AI Summary
ELGI Equiments Ltd. has completed the divestment of the entire stake held by its wholly owned subsidiary, Elgi Compressors USA Inc, in its joint venture CS Industrial Services LLC, USA. The transaction was completed for a total consideration of $100,100 USD. This divestment is in line with the company's strategic decisions and is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- ELGI Equiments Ltd. completes divestment of entire stake in CS Industrial Services LLC
- Transaction completed for a total consideration of $100,100 USD
- Divestment in line with company's strategic decisions
- Compliance with Regulation 30 of the SEBI Listing Regulations
- Involves the company's wholly owned subsidiary Elgi Compressors USA Inc