International Conveyors Limited — JV/Acquisition, 14-01-2025: Acquisition

International Conveyors Limited has acquired 138,856 equity shares of Sterling and Wilson Renewable Energy Ltd., representing a cash investment of 5.84 Cr. Sterling and Wilson is a leading provider of end-to-end solar EPC solutions with a turnover of 3,035.37 Cr as per its latest financials. This strategic acquisition aims to diversify and enhance ICL's investment portfolio within the renewable energy sector, leveraging Sterling and Wilson's expertise in solar and energy storage solutions. The transaction is anticipated to strengthen ICL's market position and operational capabilities in the growing renewable energy landscape.