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 1,50,000 equity shares of Vedanta Limited as a fresh investment, with no prior holding. The total cost of acquisition is INR 7.62 Crores, paid entirely in cash. The investment is stated to be for investment purposes, and it is not a related party transaction. Vedanta is a diversified metals company with a consolidated turnover of approximately INR 1.56 lakh crore in FY 2024-25, operating across India, South Africa, Liberia, Namibia, UAE, East Asia, and Ireland.
This is a modest investment by Elpro International (around 7.62 Crores) in a large listed entity, and is unlikely to materially impact Elpro's financials or stock price. For shareholders, it signals that the company is deploying surplus cash into equity investments in a leading diversified miner.