Promoter group entity buys 24.15 lakh shares via off-market deal

Promoter Stake BuyCreeping Acquisition Near ThresholdOwnership Changes View source PDF Explain this filing

INTLCONV · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.3%Reaction day

₹70.31

prior close

₹71.30

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-0.1% vs market

Industrial Products peers, median of 120sector+1.4%-1.1% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 1.1 pts less 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

-0.4

15m

-0.4

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+0.3-0.1+1.4-1.1

Next day

+4.7+4.5+0.1+5.7-1.1

+3.8+4.5-0.6+6.4-2.6

+6.7+6.7+0.0+9.1-2.5

+9.2+6.6+2.6+9.3-0.1

+12.2+9.3+2.9+12.6-0.4

+14.3+11.9+2.4+15.7-1.4

15d

+11.1+14.6-3.5+16.1-5.0

+17.4+19.5-2.1+17.5-0.2

+12.0+16.5-4.5+16.6-4.6

+14.9+25.3-10.4+19.3-4.4

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 120Pending

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

AI summary

Amarnath Daksha Pvt Ltd, part of the promoter/PAC group, purchased 24,15,000 equity shares of International Conveyors Ltd from I.G.E. (India) Pvt Ltd through an off-market transaction. The disclosure was filed under SEBI's SAST Regulation 29(2), triggered when an acquirer's shareholding crosses a prescribed threshold. Since both entities appear to be promoter-group/PAC entities, this likely reflects an internal restructuring of promoter holdings rather than a change in overall promoter ownership.

Likely market impact

Internal promoter group reshuffle via off-market; total promoter holding likely unchanged. Neutral for minority shareholders.