Acquisitions3 April 2026 at 11:51 am
International Conveyors Ltd: Amaranth Daksha Private Limited Acquires 3.79% Equity Shares from Promoter IGE (India) Pvt. Ltd.
AI Summary
Pursuant to the acquisition of 24,15,000 equity shares of face value of ₹1/- each by M/s Amaranth Daksha Private Limited, a wholly-owned subsidiary of M/s IGE (India) Private Limited, from one of the Promoters of the Company i.e. M/s IGE (India) Pvt. Ltd., Amaranth Daksha Private Limited now holds 3.79 % of the paid-up equity share capital of International Conveyors Limited. This acquisition has led to Amaranth Daksha Private Limited being categorized as a Promoter group and its name will be reflected under the Promoter/Promoter Group category in the shareholding pattern of the Company.
Key Highlights
- Amaranth Daksha Private Limited, a subsidiary of M/s IGE (India) Private Limited, has acquired 3.79% equity shares of International Conveyors Ltd.
- The acquisition was made from the existing Promoter IGE (India) Pvt. Ltd. through an off-market inter-se transfer.
- This acquisition will result in Amaranth Daksha Private Limited being categorized as a Promoter group.
- The transaction has been intimated to the Stock Exchanges and the Company under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- Amaranth Daksha Private Limited's name will be reflected under the Promoter/Promoter Group category in the shareholding pattern of International Conveyors Limited.