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

International Conveyors Limited has acquired 27,228 equity shares of Central Depository Services (India) Ltd. for a cash consideration of ₹2.946 Crore. CDSL, with a turnover of ₹812.256 Crore in FY 2023-24, is a vital player in the capital market infrastructure, serving various stakeholders including exchanges and investors. This acquisition aims to enhance the company's investment portfolio and strengthen its strategic positioning within the financial services sector, unlocking potential synergies and operational efficiencies for future growth.