Elgi Equipments share price rose 3 percent intraday on June 9 after the company’s US unit made an investment in the Compressed Air Solutions of Texas, LLC. Elgi Compressors has subscribed and made its first tranche of investment of $20,000 out of the proposed $1,00,000 in Class A and $5000 out of the proposed total investment of $25,000 in Class B shares, representing 50 percent of the Compressed Air Solutions’ capital. The remaining investment will be made in tranches and completed by October 2020.