Announced Sat, 11 Jul · 10:37 IST
Elgi Equipments USA subsidiary divests stake in US JV PLA Holding
Strategic Transactions View source PDF
ELGIEQUIP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.5%1-day move
₹575.10
prior close
₹570.40
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1+0.2+1.0+0.6-0.5-0.7+0.9+1.2+2.4+1.2————
Up moveDown movePending
AI summary
Elgi Equipments' US subsidiary ELGI Compressors USA Inc. has divested its stake in JV PLA Holding Company LLC (and its subsidiary Pattons of California) for USD 100,000 plus release of exclusivity for oil flooded rotary screw compressors in California counties. The JV contributed just 0.09 percent of consolidated PAT and 0.23 percent of consolidated equity in FY26. Buyer is the JV partner Jeffery Brandon Todd, not a promoter or related party. Deal completed on 10 July 2026.
Likely market impact
Minimal financial impact as JV contributed only 0.09 percent of consolidated PAT. Exclusivity release in California may have strategic value.