International Conveyors Limited — JV/Acquisition, 31-01-2025: Acquisition

International Conveyors Limited has acquired 48,247 equity shares of Blue Jet Healthcare Limited for a cash consideration of ₹3.4833 Cr. Blue Jet, a pharmaceutical company with a turnover of ₹711.598 Cr for FY 2023-24, specializes in the development and manufacturing of advanced pharmaceutical intermediates and APIs. This strategic acquisition aims to enhance International Conveyors' investment portfolio, focusing on the pharmaceutical sector and positioning the company for further growth and diversification. The acquisition is set to be completed by January 31, 2025.