Acquisitions7 April 2026 at 04:32 am
Amarnath Daksha Pvt Ltd Acquires 24,15,000 Shares of International Conveyors Ltd from I.G.E. (India) Private Limited
AI Summary
The Exchange has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Amaranth Daksha Private Limited. The company has purchased 24,15,000 equity shares of International Conveyors Ltd from I.G.E. (India) Private Limited through an off-market transaction. This acquisition increases Amaranth Daksha Private Limited's holding to 3.79% of the total share/voting capital of International Conveyors Ltd.
Key Highlights
- Amarnath Daksha Pvt Ltd has acquired 24,15,000 equity shares of International Conveyors Ltd from I.G.E. (India) Private Limited.
- The transaction was conducted off-market.
- This acquisition increases Amaranth Daksha Private Limited's holding to 3.79% of the total share/voting capital of International Conveyors Ltd.
- International Conveyors Ltd shares are listed on BSE Limited and The National Stock Exchange of India Limited.
- Amaranth Daksha Private Limited is a Wholly Owned Subsidiary Company of the Seller, I.G.E. (India) Private Limited, and both are deemed to be part of the Promoter group of the Target Company.