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 1,85,379 equity shares of Arvind Fashions Limited for a total consideration of ₹9.15 Crores in cash. This is a fresh acquisition — Elpro held no shares in Arvind Fashions previously. Arvind Fashions is a listed specialty retail company with consolidated revenue from operations of ₹4,619.84 Crores in FY2024-25, and a presence across India in casual and denim fashion. The transaction is not a related party deal, and Elpro has stated the purpose as investment.
This is a relatively small investment (₹9.15 Cr) in a large listed retail company and is unlikely to move the needle on Elpro's financials or stock price significantly. It signals that Elpro is deploying cash into equity investments in the listed retail space, which investors may view as a portfolio diversification move.