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 Ltd, part of the promoter group of International Conveyors Ltd, along with persons acting in concert (PACs), has purchased 9,683 equity shares through the open market on September 10, 2025. Following this acquisition, the promoter group's aggregate holding in International Conveyors rose from 4,43,90,574 shares (70.03%) to 4,44,00,257 shares (70.05%) of the total equity share capital of 6,33,79,000 shares. The acquisition was a minor increase of just 0.02% in promoter stake. The filing was made under Regulation 29(2) of the SEBI Takeovers Regulations, which is triggered when a promoter group's holding crosses certain reporting thresholds.
This is a small, confidence-signalling open market purchase by the promoter group, indicating continued promoter commitment to the company. However, with no change in control or strategy and only a marginal 0.02% increase, it is unlikely to have any meaningful impact on the stock price.