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 (a fresh acquisition, previously holding nil shares) of Aptus Value Housing Finance India Limited for a total consideration of INR 7.89 Crores in cash, for investment purposes. Aptus is a listed housing finance company focused on home loans for low and middle-income self-employed families in semi-urban and rural India, with consolidated revenue from operations of INR 1,750.41 Crores in FY25 (up from INR 1,093.36 Crores in FY23). The acquisition is not a related party transaction and falls outside Elpro's main line of business, indicating it is a treasury/investment decision.
This is a modest financial investment (INR 7.89 Crores) outside Elpro's core business and is unlikely to materially move the stock. Shareholders should view it as a portfolio investment by the company's treasury, with no immediate operational synergy expected.