Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
ELPROINTL · price
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Awaiting price reaction for this filing.
Elpro International Ltd has acquired 57,500 equity shares of Ganesha Ecosphere Limited for a cash consideration of Rs 5.65 Crores, taking its total holding to 1,21,540 shares. Ganesha Ecosphere is a listed rPET Fibre manufacturer incorporated in 1987, with FY24-25 consolidated revenue from operations of Rs 1,465.54 Crores. The acquisition is stated to be for investment purposes and is not a related party transaction. The transaction falls outside Elpro's main line of business.
This is a small, incremental investment in a listed textile company and is unlikely to materially move the needle for Elpro shareholders; it is more of a portfolio allocation signal than a strategic business shift.