International Conveyors Limited has informed the Exchange about Acquisition

Acquisition announcedStrategic Transactions View source PDF Explain this filing

INTLCONV · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹73.60

prior close

₹74.20

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-0.7% vs market

Industrial Products peers, median of 125sector+0.1%-0.9% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.9 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.4

10m

+1.8

15m

+1.4

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8-0.1-0.7+0.1-0.9

Next day

+1.9+2.0-0.1+2.0-0.1

+4.3+2.0+2.4+1.6+2.7

+7.2+4.6+2.6+5.3+2.0

+4.6+5.8-1.2+7.1-2.5

+9.2+7.1+2.1+8.8+0.4

+6.0+7.6-1.6+7.0-1.1

15d

+12.7+10.8+1.9+9.5+3.2

+14.1+12.6+1.6+11.9+2.2

+9.7+13.5-3.8+6.6+3.1

+9.5+19.7-10.2+11.5-2.0

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 125Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

International Conveyors Limited (ICL) has acquired 1,40,000 equity shares of Religare Enterprises Limited (REL) for a total cash consideration of Rs 3.13 crore, completed on April 8, 2026. REL is the holding company of a diversified financial services group offering SME loans, affordable housing finance, health insurance, and capital market services, with a turnover of Rs 7,354.236 crore in FY25. The acquisition is stated to be for 'investment purposes' only and is not a related party transaction. No regulatory approvals were required for the deal.

Likely market impact

This is a small, non-controlling financial investment by ICL in a large financial services group, and is unlikely to have any material impact on ICL's financials, operations, or stock price. Shareholders should view this as a minor treasury investment rather than a strategic acquisition.