Joint Venture22 Aug 2024, 12:06 am
ELGI Equiments Ltd. Completes Divestment in G3 Industrial Solutions LLC for $324,429 USD
AI Summary
ELGI Equiments Ltd., in continuation to their earlier disclosures dated February 12, 2024, and June 7, 2024, has completed the transaction of divestment of the entire stake held by their wholly owned subsidiary, Elgi Compressors USA Inc (Elgi USA), in its Joint Venture G3 Industrial Solutions LLC, USA. The transaction was completed for a total consideration of $324,429 USD. This disclosure is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- ELGI Equiments Ltd. has completed the divestment of its entire stake in G3 Industrial Solutions LLC, USA.
- The transaction was completed for a total consideration of $324,429 USD.
- This divestment is a continuation of earlier disclosures made by the company on February 12, 2024, and June 7, 2024.
- The divestment was carried out by Elgi Compressors USA Inc, a wholly owned subsidiary of ELGI Equiments Ltd.