Elpro International Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST
01-01-1970 | 12:00 am
01-01-1970 | 12:00 am
Elpro International's promoter group, including IGE (India) Private Limited and R.C.A. Limited, has encumbered 74.73% of the company's total share capital. These encumbrances, which include a pledge of 58.00% of shares by IGE (India) Private Limited, serve as collateral. They secure debentures totaling 120 Cr issued by IGE (India) Private Limited and 300 Cr issued by Zenox Technology Services Private Limited, a group company. The funds raised will be utilized for various purposes, notably part-financing the acquisition of Elpro shares and covering expenses related to the company's delisting.
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