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 37,395 fresh equity shares of Ganesha Ecosphere Limited, a listed rPET Fibre manufacturer in India, for a total cash consideration of INR 5.02 Crores. The acquisition is described as an investment purpose and is not a related party transaction. Elpro's prior holding was 83,530 shares, bringing total holding to 1,20,925 equity shares post-acquisition. Ganesha Ecosphere, incorporated in 1987, reported a consolidated turnover of approximately INR 1,483 Crores in FY2024-25, with consistent revenue growth over the last three years. No regulatory or governmental approvals were required for the acquisition.
This is a relatively small investment (INR 5.02 Crores) by Elpro in a listed textile/ recycling sector company, unlikely to materially move the stock price. It signals portfolio diversification into the rPET/sustainable textile space but does not represent a strategic control acquisition.