International Conveyors Ltd disclosed its acquisition of equity shares in financial services holding company Religare Enterprises Ltd for ₹3.13 crore.
The transaction, completed on April 9, 2026, was executed for investment purposes and is not a related party transaction.
Religare Enterprises reported a turnover of ₹7,354.24 crore in FY 2024-25 and operates in financial services including SME loans, housing finance, health insurance, and capital markets.
No governmental or regulatory approvals were required for this cash-based acquisition, as confirmed in the SEBI Regulation 30 filing.