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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The BSE exchange has received a disclosure under Regulation 29(2) of SEBI's SAST Regulations, 2011, filed by Elpro International Ltd along with PACs (Persons Acting in Concert). Elpro International is part of the promoter group of International Conveyors Ltd. This regulation mandates disclosure when there is a change in the shareholding of an acquirer or persons acting in concert, typically crossing or moving away from prescribed thresholds. The specific direction of the transaction (acquisition or sale), the exact number of shares, and the resulting shareholding percentage are not mentioned in this announcement notice and would be available in the detailed disclosure.
This is a routine regulatory filing triggered by a change in promoter-group shareholding, but without details on whether it is a buy or sell, the immediate impact on the stock is uncertain. Shareholders should look for the detailed disclosure to understand whether the promoter group has increased or reduced its stake, which could influence sentiment.