Elpro International Acquires Shares in Sansera Engineering
Filing Summary
Elpro International Ltd has acquired equity shares in Sansera Engineering Limited. The acquisition involves the purchase of 25,635 equity shares for a cash consideration of INR 4 Crores. Sansera Engineering, operating in the auto components and equipment industry, reported a consolidated turnover of INR 3,037 Crores for the fiscal year 2024-25. This transaction does not involve any related party transactions. The acquisition is intended for investment purposes, and no governmental or regulatory approvals were required. Elpro International continues to focus on strategic investments to enhance its business portfolio.
Elpro International Ltd has informed BSE Limited about its acquisition of equity shares in Sansera Engineering Limited. The acquisition was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The transaction involves the purchase of 25,635 equity shares of Sansera Engineering for a cash consideration of INR 4 Crores. This acquisition does not constitute a related party transaction, and there is no interest from the promoter or promoter group in the entity being acquired. The acquisition is classified as an investment purpose.
Sansera Engineering Limited operates in the auto components and equipment industry. The company reported a consolidated turnover of INR 3,037 Crores for the fiscal year 2024-25. The company has been in operation since its incorporation on December 15, 1981, and has a presence in India. The acquisition did not require any governmental or regulatory approvals, and there is no indicative time period for the completion of the acquisition.
Elpro International Ltd is engaged in strategic investments to enhance its business portfolio. The company focuses on identifying opportunities that align with its business objectives and investment strategies.