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

International Conveyors Limited has acquired equity shares of CCL Products (India) Limited for a cash consideration of ₹10.41 Cr, totaling 187,925 shares. CCL Products, a prominent player in the tea and coffee industry, reported a turnover of ₹2,660.02 Cr in FY 2023-24, marking significant growth from ₹2,074.47 Cr in FY 2022-23 and ₹1,466.12 Cr in FY 2021-22. This acquisition aligns with International Conveyors’ strategy to expand its investment portfolio, potentially enhancing its market position and operational capabilities in the beverage sector.