Acquisitions11 May 2026, 09:01 pm
International Conveyors Buys Jain Resource Recycling Shares
AI Summary
International Conveyors Ltd has acquired equity shares of Jain Resource Recycling Limited. The target entity, incorporated in 2022, specializes in recycling non-ferrous metal scrap and producing lead, copper, and aluminium alloys. Its turnover for FY 2024-25 was ₹7125.77 Cr. The acquisition, for investment purposes, involves 87,105 equity shares for a cash consideration of ₹5 Crore. The target entity belongs to the Diversified Metals industry and has a presence in India.
Key Highlights
- International Conveyors acquires equity shares of Jain Resource Recycling Limited.
- The acquisition cost is ₹5 Crore for 87,105 equity shares.
- Jain Resource Recycling's turnover for FY 2024-25 was ₹7125.77 Cr.
- The target company specializes in recycling non-ferrous metal scrap.
- Acquisition is for investment purposes and requires no governmental approvals.