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 3,23,758 equity shares of Aptus Value Housing Finance India Limited for a total cash consideration of INR 10.01 Crores. This is a fresh acquisition with no prior holding in the company. The acquisition is classified as an investment purpose and is not a related party transaction. Aptus Value Housing Finance is a listed housing finance company focused on home loans for low and middle-income families in semi-urban and rural India, with consolidated revenue of around Rs 1,750 Crores in FY25.
This is a relatively small investment (Rs 10 Cr) by Elpro in a listed housing finance company, signalling a strategic diversification into financial services. The size of the deal is modest relative to Elpro's operations, so immediate material impact on stock price is unlikely, but it may be viewed as a positive signal of treasury deployment into growth sectors.