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International Conveyors offloads 7.95% stake in Elpro International

18 Nov 2021 Evaluate

International Conveyors has sold 1,34,80,000 equity shares representing 7.95% equity capital of Elpro International out of total Investment of 1,34,80,077 equity shares at a price of Rs 60.50 per share (Being the closing price of last trading date) amounting to Rs 81.55 crore.

International Conveyors (ICL) is an India-based company. The Company is engaged in manufacturing and marketing solid woven carcass reinforced fire retardant antistatic (FRAS) PVC Conveyor Belting in segment explosive fire hazardous underground mine application.

Peers
Company Name CMP
Bharat Heavy Elect. 387.00
Zetwerk Manufactur 138.30
Thermax 3095.60
Kirloskar Industries 3043.90
Skipper 474.80
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