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), disclosed the acquisition of 9,123 equity shares of International Conveyors Ltd through the open market on September 9, 2025. Before the purchase, the promoter group held 4,43,81,451 shares (70.02%); after the acquisition, the holding rose marginally to 4,43,90,574 shares (70.03%). The total equity share capital of the company stands at 6,33,79,000 shares of Re. 1 each. IGE (India) Pvt Ltd remains the largest PAC holder at 50.02%, while Surbhit Dabriwala holds 12.75%. This is a small, incremental purchase by the promoter group to consolidate their majority stake.
This is a minor creeping acquisition (just 0.01% increase) by an already-dominant promoter group. It signals continued promoter confidence but is too small to materially affect share price or shareholder dynamics. No takeover trigger or open offer obligation arises from this transaction.