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 Limited has acquired 2,50,000 equity shares of RBL Bank Limited for a total consideration of INR 6.92 Crores in cash, as an investment. After this fresh acquisition, the company's total holding in RBL Bank stands at 4,62,000 equity shares (up from the previous 2,12,000 shares). RBL Bank is a leading Indian private sector bank with a consolidated turnover of approximately INR 17,819 Crores in FY 2024-25, showing consistent growth over the past three years. The acquisition is not a related party transaction and no government or regulatory approvals are required for the same.
This is a relatively small, non-strategic investment by Elpro International in RBL Bank, likely intended as a treasury/investment activity rather than a core business expansion. Shareholders should note the modest size (~INR 6.92 Cr) and that RBL Bank is outside Elpro's main line of business, so this is unlikely to materially move the stock price.