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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Elpro International Limited, along with persons acting in concert (PACs), has acquired 35,426 equity shares of International Conveyors Limited through the open market on March 27, 2025. The acquirer belongs to the promoter/promoter group. Before the transaction, the promoter group's combined holding stood at 4,37,82,799 shares (69.08% of total equity), which rose marginally to 4,38,18,225 shares (69.14%) after the acquisition — an increase of just 0.06 percentage points. The total equity share capital of the company remains 6,33,79,000 shares of Re. 1 each. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
This is a small open-market purchase by the promoter group, signalling continued promoter confidence. However, the negligible size (0.06%) is unlikely to move the stock price and is purely a routine compliance disclosure reflecting the promoter group's already dominant 69%+ stake.