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

Promoter Stake BuyCreeping Acquisition Near ThresholdOwnership Changes View source PDF

INTLCONV · price

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

Price reaction · full curve 14 horizons · vs prior close

+4.7%1-day move

₹70.31

prior close

₹71.30

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.3-0.4-0.4-0.2+4.7+3.8+6.7+9.2+12.2+14.3+11.1+17.4+12.0+14.9

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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.