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 stock exchange has received a disclosure under SEBI's Takeover Regulations (Reg 29(2)) from Elpro International Ltd along with Persons Acting in Concert (PACs) regarding their dealings in shares of International Conveyors Ltd. Regulation 29(2) requires entities to disclose acquisitions or disposals that trigger or are made under the creeping acquisition limits (generally beyond 2% in a financial year) for substantial shareholders/promoters. The specific transaction details — whether it is a buy or sell, the number of shares involved, and the resulting shareholding percentage — are not available in the headline alone and would require the full disclosure form.
For retail investors, this is an early administrative signal that a promoter-group entity (Elpro International Ltd & PACs) has made a regulated shareholding change in International Conveyors Ltd. The market impact depends on whether the move is an increase or decrease in stake and the size of the transaction, which is not evident from the headline.