INTLCONVBSEInternational Conveyors LtdMediumPositive
Announced Mon, 16 Jun · 12:23 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Elpro International Ltd & PACs

Promoter Stake BuyOwnership Changes View source PDF

INTLCONV · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Elpro International Limited, part of the promoter group of International Conveyors Limited, purchased 30,263 equity shares (0.05% of paid-up capital) through the open market on June 10, 2025. The acquisition lifted the promoter group's aggregate holding (including PACs) from 69.20% to 69.25%. Other PACs such as IGE (India) Pvt Ltd (50.02%) and Surbhit Dabriwala (12.75%) showed no change in their respective stakes. International Conveyors has 6,33,79,000 equity shares of Re. 1 each as its total share capital.

Likely market impact

This is a small promoter-group purchase that signals insider confidence in the company, but the 0.05% bump is too tiny to materially affect shareholding dynamics or move the stock price.