The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Elpro International Ltd & PACs
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Awaiting price reaction for this filing.
Elpro International Limited, part of the promoter group of International Conveyors Ltd, bought 20,000 equity shares through the open market on June 27, 2025. This nudges the promoter group's collective holding from 69.95% to 69.98% of the company. The total equity share capital of International Conveyors stands at 6,33,79,000 shares of Re. 1 each, so the purchase is a tiny 0.03% increase. The disclosure was filed by Elpro International under SEBI's Takeover Regulations on behalf of itself and 9 persons acting in concert (PACs), including IGE (India) Pvt Ltd (50.02%), Surbhit Dabriwala (12.75%) and Dabri Properties (2.81%). No encumbrance, pledge or off-market deal is involved — it is a routine small open-market top-up by the promoter group.
Very minor share purchase that barely changes the promoter holding. Signals continued promoter confidence but is too small to materially affect the stock price or free-float. Investors should note promoter holding is now just 0.02% shy of the 70% mark, so any further open-market buying will require additional regulatory disclosures.