Elgi Equipments subsidiary, Elgi Compressors USA Inc, will sell its entire stake in the joint venture Compressed Air Solutions of Texas LLC to its existing partner for approximately USD 154,586, expected to be completed by October 31, 2024. The joint venture contributed USD 301,073 to the consolidated profit for FY 2023-24 and USD 369,015 to net worth as of March 2024.