The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Elpro International Ltd
INTLCONV · price
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Awaiting price reaction for this filing.
Elpro International Ltd, part of the promoter group of International Conveyors Ltd, purchased 30,000 equity shares of the company through the open market on June 20, 2025. This increased Elpro's individual stake from 1.20% (7,59,618 shares) to 1.25% (7,89,618 shares). The total promoter and promoter group holding in International Conveyors rose slightly from 69.80% to 69.85%, crossing the 69.80% mark. The disclosure was filed under SEBI's Takeover Regulations to keep the exchanges informed of the change in shareholding.
This is a small, routine promoter group purchase and is a confidence signal from the promoters. However, given the tiny 0.05% increase, it is unlikely to materially move the stock price. Shareholders should note the promoter group remains firmly in control at nearly 70%.