International Conveyors Limited — JV/Acquisition, 28-02-2025: Acquisition

International Conveyors Limited has acquired 22,782 equity shares of Ganesha Ecosphere Ltd. for a cash consideration of ₹2.996 Crore. Ganesha, a prominent rPET fibre manufacturer, reported a turnover of ₹1,122.927 Crore for FY 2023-24 and has been a key player in the sector since 1987. This acquisition aims to expand International Conveyors' investment portfolio within the textile industry, enhancing its strategic position and access to sustainable materials. The deal is expected to provide operational synergies and bolster the company's market presence.