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 Ltd, along with persons acting in concert (PACs), acquired 56,976 equity shares (0.09%) of International Conveyors Ltd through the open market on June 18, 2025. This is part of the promoter group's buying activity, taking their collective holding from 4,41,19,632 shares (69.61%) to 4,41,76,608 shares (69.70%) of the company. The acquisition was carried out by Elpro International Ltd itself, whose individual stake rose from 1.01% to 1.10%, while holdings of other PACs like IGE India, Surbhit Dabriwala, Sujata Saraf and others remained unchanged in this transaction.
The promoter group continues to strengthen its already dominant 69.70% stake in International Conveyors, signalling confidence from insiders. However, the incremental purchase is very small (0.09%) and unlikely to materially impact the stock price or float.