International Conveyors Limited has informed the Exchange about Acquisition

Acquisition announcedStrategic Transactions View source PDF Explain this filing

INTLCONV · price

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Price reactionminutes from the announcement price · days from the prior close

+2.7%Reaction day

₹73.00

prior close

₹73.46

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.1%+0.6% vs market

Industrial Products peers, median of 124sector+1.9%+0.9% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.9 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

+1.2

15m

+1.5

30m

+1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.7+2.1+0.6+1.9+0.9

Next day

+5.2+2.1+3.1+1.5+3.7

+8.1+4.7+3.4+4.7+3.4

+5.5+5.9-0.4+6.0-0.6

+10.1+7.1+2.9+7.2+2.8

+6.3+6.5-0.2+6.1+0.2

+7.9+9.1-1.1+7.8+0.1

15d

+10.1+10.8-0.7+9.3+0.8

+15.1+12.6+2.4+12.2+2.8

+8.2+12.0-3.7+5.5+2.7

+10.3+21.4-11.1+10.2+0.2

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 124Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

International Conveyors Limited has acquired 1,40,000 equity shares of Religare Enterprise Limited for Rs. 3.13 crore in cash. The acquisition was completed on April 9, 2026. Religare Enterprise Limited is a holding company for a diversified financial services group offering loans to SMEs, affordable housing finance, health insurance, and capital markets services. The target company had a turnover of Rs. 7,354.24 crore in FY 2024-25, showing consistent growth from Rs. 4,676.46 crore in FY 2022-23. The company stated the acquisition is for investment purpose and confirmed it is not a related party transaction.

Likely market impact

This acquisition gives ICL a stake in a large financial services group with diversified revenue streams. While the stake appears small relative to Religare's size, it represents a strategic investment into the financial services sector outside ICL's core business. Shareholders should note this diversification move.