11-Jul-2026 10:35:09
ELGIEQUIPGeneral news
ELGI EQUIPMENTS : DIVESTS STAKE IN US SUBSIDIARY'S HOLDING COMPANY
• Elgi Compressors USA Inc., a wholly owned subsidiary of Elgi Equipments, has divested its stake in PLA Holding Company, LLC along with its subsidiary, Pattons of California, LLC. • The divestment was announced on July 11, 2026, with the agreement for sale entered into on the same date. • The consideration received from the sale is USD 100,000, apart from the release of exclusivity by the joint venture partner. • The buyer is Jeffery Brandon Todd, who is not part of the promoter/promoter group. • The transaction is considered an arm's length transaction. Impact: Neutral (Divestment of stake in a subsidiary's holding company with no significant immediate financial impact disclosed)
Elgi Equipments Ltd
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