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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Awaiting price reaction for this filing.
Elpro International Limited along with its Persons Acting in Concert (PACs) disclosed acquisition of 9,015 equity shares of International Conveyors Limited through open market on June 11, 2025. Before the transaction, the promoter group's combined holding stood at 4,38,89,541 shares (69.25%), which has now marginally increased to 4,38,98,556 shares (69.26%). The acquirer (Elpro International) alone bought these shares, raising its individual stake from 0.65% to 0.66%, while all other PACs' holdings remain unchanged. The total equity capital of the target company remains 6,33,79,000 shares of Re. 1 each.
This is a very small incremental purchase (just 0.01% increase) by the existing promoter group and is unlikely to materially affect share price or control dynamics. It signals promoter confidence but is too minor to change the ownership structure meaningfully.