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 (all part of the promoter group of International Conveyors Ltd), bought 14,724 equity shares through the open market on 5 September 2025. The promoter group's combined holding in International Conveyors rose marginally from 4,43,55,464 shares (69.98%) to 4,43,70,188 shares (70.00%) of the company's equity capital of 6,33,79,000 shares. Elpro International Ltd itself bought the 14,724 shares, taking its individual stake from 1.38% to 1.40%, while other PACs' holdings remain unchanged. The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
This is a very small (0.02%) incremental purchase by the promoter group and is unlikely to materially impact the stock price. However, it indicates promoter confidence and pushes the promoter holding to a clean 70%, nearing the 75% creeping acquisition ceiling under takeover norms.