The real estate sector in India has been a key driver of economic growth, and in 2024, it continues to capture the attention of investors. Real estate stocks, particularly those from large developers, have seen significant interest due to the sector’s recovery post-pandemic. The sector’s resilience is backed by growing demand for residential, commercial, and industrial properties across major cities, making it a potentially lucrative investment option. With favorable government policies and urbanization trends, the real estate sector in India is poised for sustained growth.
Share Price
The shares of Elpro International are currently trading at Rs. 111.10 up by 1.51% from its previous close of Rs. 109.45. The stock also touched an intraday high of RS. 112.5 as of January 21, 2025, which corresponds to a 2.78% rise as compared to its previous close.
Recent Update
Acquisition Overview
Gulshan Polyols Limited, a company in the agricultural products sector, has a consolidated revenue of ₹1,378 crore for FY 2023-24, according to its last audited financials. The acquisition will not involve any related party transactions, and there is no interest from promoters, promoter group, or group companies in the entity being acquired. This acquisition is aimed at expanding the company’s portfolio within the agricultural sector.
Investment Details and Acquisition Process
The acquisition is being made for investment purposes, with cash consideration of ₹6 crore. No regulatory approvals are required, and the acquisition is expected to proceed without delays. The firm’s business, although outside the acquirer’s main line of business, is expected to complement and enhance the acquirer’s growth strategy in the agricultural products industry.
About Gulshan Polyols Ltd.
Gulshan Polyols Ltd. is a leading Indian manufacturer specializing in ethanol/bio-fuel, grain, and mineral-based specialty products. With over three decades of experience, the company operates in three main segments: grain processing, bio-fuel/distillery, and mineral processing. The company holds a strong position in the market with a diversified product portfolio.
Elpro’s Strategic Expansion Plans
Through the acquisition of 3,04,173 equity shares, Elpro aims to expand its business presence in the bio-fuel and grain processing industries. This acquisition aligns with Elpro’s strategy to diversify its portfolio and strengthen its foothold in these growing sectors.
About the Company
Elpro International Limited is a diversified company engaged in manufacturing surge arresters, real estate development, equity investment, and windmill operations. The company offers a range of dynamic, high-performance surge suppression products for both high and low-voltage applications.
Elpro is also involved in integrated development projects such as Elprop Park, which includes a residential complex, school, mall, and daycare facility. Another notable project, Elpro City Square, is a premier entertainment and lifestyle destination in Pune, offering top-tier retail and fashion experiences.
Elpro’s diverse business model positions it for sustainable growth across multiple sectors.
Written By: Dipangshu Kundu
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