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 1,36,000 equity shares of Ambuja Cements Limited for INR 6.02 Crores in a cash transaction. This is a fresh acquisition with no previous holding in Ambuja Cements. The acquisition is for investment purpose and is not a related party transaction. Ambuja Cements is the 9th largest cement producer globally, part of the Adani Portfolio, with consolidated turnover of INR 37,699 Crores in FY 2024-25. The acquisition falls outside Elpro's core line of business.
Minority investment in a large cement company signals diversification intent, but the small ticket size (INR 6.02 Crores) means limited direct impact on Elpro's financials or stock price.