Elpro International acquires stake in HDFC Bank
Cost of acquisition is Rs 37.49 crore
Elpro International has acquired 1,90,300 Equity Shares of HDFC Bank. Cost of acquisition is Rs 37.49 crore. HDFC Bank was incorporated in August 1994, with its registered office in Mumbai, India. HDFC Bank enables seamless delivery of loans as a part of its wide product suite catering to urban, semi urban and rural India.
Elpro International is the only one outside the United States to manufacture surge arresters and zinc oxide discs with GE technology, acknowledged to be the best in the world.
