Elpro International Limited (BSE:504000) agreed to acquire Fortune Capital Holding (P) Limited from Rajendra Kumar Dabriwala, RCA Limited, Surbhit Dabriwala and Middleton Developers Ltd for INR 33.4 million on February 14, 2022. Fortune Capital Holding (P) Limited reported a Turnover of INR 3 million in March 2021. Transaction was already approved by Elpro International Limited's board of director's and is still subject to regulatory approval. Transaction is expected to complete on March 31, 2022. As on April 1, 2023 The transaction has already approved the regulatory approval.

Elpro International Limited (BSE:504000) Completed the acquisition of Fortune Capital Holding (P) Limited from Rajendra Kumar Dabriwala, RCA Limited, Surbhit Dabriwala and Middleton Developers Ltd on September 15, 2023.