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.
Elpro International Ltd along with persons acting in concert (PACs) acquired 9,015 equity shares of International Conveyors Ltd through open market on June 11, 2025. This is a tiny purchase of just 0.01% of the company's equity, increasing the promoter group's total holding from 69.25% (4,38,89,541 shares) to 69.26% (4,38,98,556 shares). Elpro International Ltd itself moved from 0.65% to 0.66%, while other PACs' holdings remained unchanged. The acquisition was reported under the SEBI Takeover Regulations, which require disclosure when promoter group holdings change.
This is a marginal, confidence-signaling purchase by the promoter group, but the size is negligible and unlikely to move the stock price. With promoter holding already at a dominant 69.26%, there is very little free float, which retail investors should note as it can amplify price swings on small volumes.