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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The BSE has received a disclosure from Elpro International Ltd and its Persons Acting in Concert (PACs) under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations. This regulation requires promoters and promoter groups to disclose changes in their shareholding in the target company (International Conveyors Ltd) when they cross specified thresholds (typically 2% in a financial year or any change in their holding). The filing confirms a change in the promoter group's stake, though the exact direction (acquisition or disposal) and percentage change are not specified in the headline. PACs are entities acting together with the acquirer, indicating this involves a coordinated shareholding change.
Investors should watch for the detailed disclosure to know whether the promoter group has increased or reduced its holding, as such moves can signal confidence or stress within the promoter group and may influence short-term stock sentiment.