International Conveyors Limited — JV/Acquisition, 27-01-2025: Acquisition

International Conveyors Limited has acquired 26,363 equity shares of Multi Commodity Exchange of India Ltd. for a cash consideration of ₹14.744 Cr. The acquisition, which represents a strategic investment, allows ICL to tap into the growing commodity derivatives market, enhancing its portfolio and potential for future growth. MCX, a leading exchange established in 2003, reported a turnover of ₹683.55 Cr in FY 2023-24, alongside significant growth over the past three years. This move positions ICL to benefit from increased market presence and operational synergies within the financial services sector.