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 87,451 fresh equity shares of Ganesha Ecosphere Limited, a leading rPET Fibre manufacturer in India, for a total cash consideration of INR 7.58 Crores. After this acquisition, Elpro's total holding in Ganesha Ecosphere stands at 2,08,991 equity shares (up from 1,21,540 shares previously held). The acquisition is for investment purposes only and is not a related-party transaction. Ganesha Ecosphere, founded in 1987, reported consolidated revenue of about INR 1,483 Crores in FY 2024-25.
This is a relatively small, incremental investment (INR 7.58 Cr) by Elpro in an already-held listed textile company. It strengthens Elpro's investment portfolio in the sustainable textile space but is unlikely to materially move the stock. Investors should watch for any further disclosures if this crosses open-offer thresholds.