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BUSINESS LINE

Elgi buys Sydney firm for ₹56 crore

1 AUG 2018

Coimbatore-based air compressor company Elgi Equipments has acquired 100 per cent shareholding in Sydney-headquartered Pulford, one of the largest distributors of industrial air compressors in Australia, in an all-cash transaction valued at A$11.04 million (about ₹56 crore).

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