ALPHA TRIBE

Elpro International LtdInsider Trading, 01-01-1970: Insider Trading / SAST

01-01-1970 | 12:00 am

IGE (India) Private Limited, a promoter of Elpro International Limited, has extended its existing pledge over 8.64 crore equity shares, representing 51% of Elpro's share capital, in favor of CTL Trusteeship Limited. This action secures additional loan facilities totaling ₹498 crore for Zenox Technology Services Private Limited, intended for part-financing Elpro share acquisition and facility expenses. Furthermore, other encumbrances, including a non-disposal undertaking on 1.67 crore shares (9.88%) and various contractual covenants covering 75% of the promoter's total holding, have also been created or continued, impacting the promoter's ability to freely transact with these shares.

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