Elpro International Limited has completed the sale of its remaining 1.64 crore shares in PNB MetLife for ₹134.37 crores. Each share has a face value of ₹10.
Elpro International Limited recently acquired 5,00,999 equity shares of Religare Enterprises Limited for ₹12.60 crores, increasing its total stake to 14,16,004 shares. Religare, a leading financial services group that operates in SME lending, affordable housing finance, health insurance and capital markets.
Additionally, Elpro invested ₹6.66 crores by acquiring 1,62,879 equity shares in TD Power Systems Limited, expanding its investment portfolio into the heavy electrical equipment sector. TD Power Systems operates in over 105 countries, with consistent revenue growth, reaching ₹1,016.73 crores in FY 2023-24.
Elpro has made other strategic financial moves, demonstrating its focus on strengthening investments and exploring new opportunities in high-growth sectors.
Elpro International Limited is a diversified company engaged in various business sectors, including real estate, electrical equipment and strategic investments. With a strong presence in the industry, the company actively invests in high-growth sectors to expand its portfolio. Its recent acquisitions in financial services and heavy electrical equipment reflect its commitment to long-term growth and diversification.
As of April 03, 2025, at 10:40 AM, Elpro International Limited Share Price is trading at ₹80.25 per share, reflecting a profit of 7.66% from the previous day’s closing price. Over the past month, the stock has registered a profit of 8.99%. The stock’s 52-week high stands at ₹147.70 per share, while its low is ₹62.30 per share.
The sale of shares marks the company’s complete exit from PNB MetLife, reflecting its strategic financial decisions and future plans.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 3, 2025, 2:35 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
