International Conveyors Limited — JV/Acquisition, 01-09-2025: Acquisition

International Conveyors Ltd has invested 5.270 Cr to acquire 60,814 equity shares in Natco Pharma Ltd. This move signals an investment in the pharmaceutical sector, a space where Natco Pharma is a global leader, particularly renowned for its niche products and breakthroughs in oncology. The acquisition targets a company with a strong financial standing, reporting a turnover of 4429.5 Cr in FY24-25, aligning with ICL's investment goals. The deal was completed via cash consideration.