Elgi Equipments Limited
Nalanda Capital trimmed its stake in Elgi Equipments from 2.66% to 2.64%, selling 81,500 shares.
A manufacturer and supplier of air compressors and automotive equipment, Elgi Equipments operates through a diversified portfolio serving industrial, commercial, and automotive sectors across India and globally. Established in 1960, the company designs and produces compressed air systems, pumps, diesel engines, and related machinery while providing comprehensive after-sales service support to its customers. The company maintains a vertically integrated manufacturing operation with multiple facilities.
Singapore-based investment firm founded in 2007 by Pulak Prasad, formerly co-head of Warburg Pincus in India. It invests only in listed Indian companies, taking large, long-held stakes in a small number of high-quality mid and small caps and rarely selling. It manages about US$5 billion, mainly for US endowments, foundations and family offices, and holds stakes of up to about 10% in companies like Cera Sanitaryware, AIA Engineering, Amara Raja, Page Industries and Jyothy Labs.