Elgi Equipments' UAE subsidiary takes 49% stake in Elgi Gulf Mechanical and Engineering Equipment Trading JV

Elgi Gulf FZE, a wholly owned UAE subsidiary of Elgi Equipments, proposed to invest 147,000 UAE dirhams for a 49% stake in a new UAE joint venture with a local Emirati partner to sell air compressors in the region.

“proposes to subscribe and invest to an extent of 1.47 lakh UAE Dirhams constituting 49 per cent of the total capital”insights.dsij.in

• 1 source
• insights.dsij.inElgi Equipments: UAE subsidiary enters JV for market expansionJun 21, 2019

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