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Elgi Equipments divests stake in Compressed Air Solutions

April 11, 2025 at 07:01 PM UTCBy FilingReader AI

Elgi Equipments announced today the completion of its divestment in Compressed Air Solutions of Texas LLC (CAST). The transaction was executed through Elgi Compressors USA Inc., a wholly-owned subsidiary of Elgi Equipments. The divestment encompasses the entire stake held by Elgi Compressors USA Inc. in the joint venture, CAST. The consideration for this transaction totaled USD 154,586.00. This announcement follows earlier disclosures made on September 26, 2024, and October 31, 2024. The company filed the announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:ELGIEQUIPBombay Stock Exchange

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