STOCKWATCH

International Conveyors Ltd. Acquires Equity Shares of IIFL Finance Ltd. for 5.35 Crore

International Conveyors Limited has acquired the equity shares of IIFL Finance Ltd. as per the disclosure pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. The transaction is not a related party transaction and does not involve promoter groups. IIFL Finance Ltd. is a Non-Banking Financial Company with a turnover of 10,249.43 Cr. as per the last audited financials (FY 2023-24). The acquisition is for cash consideration of 5.35 Crore and is expected to be completed by September 26, 2024.

• International Conveyors Ltd. acquires equity shares of IIFL Finance Ltd.
• Transaction value is 5.35 Crore
• IIFL Finance Ltd. is a Non-Banking Financial Company
• The transaction is not a related party transaction
• Completion of the acquisition is expected by September 26, 2024