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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Elpro International Ltd has acquired 1,90,300 equity shares of HDFC Bank Limited for a total consideration of INR 37.49 Crores in cash. This is a fresh acquisition, as the company previously held no shares in HDFC Bank. The investment is stated to be for investment purposes and is not a related party transaction, with no promoter or group company interest involved. HDFC Bank, incorporated in 1994, is one of India's largest private sector banks with a consolidated turnover of Rs 4,70,915.93 Crores in FY25. The acquisition was disclosed under SEBI Listing Regulation 30.
This is a treasury/investment activity by Elpro International and is unlikely to have a direct material impact on the company's core operations. Shareholders should note the deployment of Rs 37.49 Crores into listed equity, which may marginally affect the company's investment income going forward.