International Conveyors Limited — JV/Acquisition, 13-03-2025: Acquisition

International Conveyors Limited has acquired 129,685 equity shares of La Opala RG Ltd. for a cash consideration of ₹2.654 Crore. La Opala RG, a prominent player in the glass consumer industry, reported a turnover of ₹365.127 Crore for FY 2023-24, specializing in opal glass and crystal tableware. This acquisition aligns with International Conveyors' investment strategy, aiming to enhance its portfolio and market presence. The deal is set to be completed by March 13, 2025, potentially unlocking growth avenues and shareholder value.