International Conveyors Limited — JV/Acquisition, 25-02-2025: Acquisition

International Conveyors Limited has acquired 86,484 equity shares of Can Fin Homes Ltd. for a total cash consideration of ₹4.994 crore. Can Fin Homes, a prominent housing finance company backed by Canara Bank, generated a turnover of ₹3,489.88 crore in FY 2023-24. This strategic acquisition aims to enhance International Conveyors' investment portfolio, tapping into Can Fin’s established market presence and diverse financial solutions. The deal positions International Conveyors for potential growth in the housing finance sector, aiming to deliver value to shareholders through this strategic investment.