Acquisitions9 April 2026 at 05:31 pm
International Conveyors Ltd Acquires Religare Enterprise Ltd for 3.13 Crore
AI Summary
International Conveyors Limited has acquired 1,40,000 equity shares of Religare Enterprise Limited for a cash consideration of 3.13 Crore. Religare Enterprises Limited is a leading diversified financial services group in India, offering an integrated suite of financial services. The target entity had a turnover of 7354.236 Cr. in the financial year 2024-25.
Key Highlights
- International Conveyors Ltd acquires Religare Enterprise Ltd for 3.13 Crore
- Acquisition of 1,40,000 equity shares
- Religare Enterprises Limited is a leading diversified financial services group in India
- Turnover of the target entity for the last three financial years: 7354.236 Cr., 6234.786 Cr., and 4676.456 Cr.
- Acquisition done at arms length, not a related party transaction