International Conveyors Limited — JV/Acquisition, 08-04-2026: Acquisition

International Conveyors (ICL) just made an investment, acquiring 1,40,000 equity shares of Religare Enterprise Limited for ₹3.13 Cr. This strategic move diversifies ICL's portfolio with an entry into the financial services sector. Religare, a diversified group, reported ₹7,354.24 Cr turnover in FY25, offering SME loans, housing finance, and health insurance. A direct play into India's growing financial market for ICL.