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 53,566 fresh equity shares of Ganesha Ecosphere Limited for a total cash consideration of ₹6.53 crores. Post-acquisition, Elpro's total holding in Ganesha Ecosphere stands at 1,17,606 equity shares (up from 64,040 shares). The target, Ganesha Ecosphere, is one of India's leading rPET (recycled PET) fibre manufacturers, incorporated in 1987, with a consolidated turnover of approximately ₹1,483 crores in FY25. The acquisition is stated to be for investment purposes, is not a related-party transaction, and requires no government or regulatory approvals.
The acquisition is relatively small in value (₹6.53 crores) compared to the target's size and appears to be a portfolio/investment move rather than a strategic operational acquisition. Shareholders should note that Elpro is building exposure to the rPET/sustainable textile space, but the financial impact on Elpro is likely immaterial. No open offer trigger or control change is indicated.