International Conveyors Limited — JV/Acquisition, 04-04-2025: Acquisition

International Conveyors Limited has acquired 200,000 equity shares of Religare Enterprises Limited for a cash consideration of ₹4.4939 Crore. Religare, a diversified financial services group with a turnover of ₹6,234.786 Crore for FY 2023-24, provides a range of services, including SME loans, affordable housing finance, health insurance, and capital markets. This strategic acquisition aims to enhance International Conveyors' investment portfolio, positioning it for greater market presence and operational synergies within India's financial services sector.