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 an additional 92,364 equity shares of Arvind Fashions Limited for a total cash consideration of INR 5 Crores, as an investment purchase. With this fresh acquisition, Elpro's total holding in Arvind Fashions rises to 2,95,216 equity shares (up from 2,02,852 shares held earlier). Arvind Fashions is a listed Indian speciality retail and lifestyle company with leadership in casual and denim segments, posting consolidated FY25 revenue from operations of Rs 4,619.84 Crores and total income of Rs 4,654.48 Crores. The acquisition is not a related party transaction, is funded entirely in cash, and requires no government or regulatory approvals.
This is a small, purely financial investment (Rs 5 Crores) in a large listed retail player and is unlikely to materially move Elpro's stock price. It signals Elpro's continued interest in building a strategic financial stake in Arvind Fashions as an investment, but does not imply a change in business operations or control.