The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Elpro International Ltd & PACs
INTLCONV · price
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Awaiting price reaction for this filing.
Elpro International Ltd, along with persons acting in concert, bought 59,941 equity shares of International Conveyors Ltd through the open market on June 12, 2025. This raised the promoter group's combined holding from 69.26% to 69.36% of the company's equity (a 0.10% increase). The acquirer itself, Elpro International Ltd, increased its own stake from 0.66% (4,19,862 shares) to 0.76% (4,79,803 shares). The total equity share capital of International Conveyors remains unchanged at 6,33,79,000 shares of Re. 1 each. The disclosure was filed because the promoter group crossed the 2% incremental acquisition reporting threshold.
This is a small open-market purchase by the promoter group, showing continued confidence from existing promoters but is too minor in size to materially affect the stock price. Investors should note that promoter holding is already very high at 69.36%, leaving limited float for trading.