International Convey

IGE (India) Private Limited and other promoters of International Conveyors Ltd have created an additional encumbrance over shares in connection with a rupee term loan of ₹498 crore availed by Zenox Technology Services Private Limited from Kotak Mahindra Bank. The encumbrance, structured through a facility agreement and a corporate guarantee, covers a total of 4,07,73,335 shares, representing 63.93% of the company’s equity. Previously encumbered holdings of IGE India, R.C.A Limited, and Amaranth Daksha Private Limited have been extended to also now cover individual promoters Surbhit Dabriwala (12.67% stake) and Yamini Dabriwala (0.56% stake). As a result, overall promoter encumbrance has jumped to 91.03% of their combined 70.23% holding, compared to 72.28% earlier. The loan is intended for part-financing the acquisition of Elpro International shares and related expenses, and the security cover ratio stands at 0.66 times the value of the encumbered shares. The disclosure was made by the promoter group under SEBI’s Takeover Regulations.

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IGE India, the promoter of International Conveyors, has created a non-disposal undertaking over 3.23 crore shares, equal to 50.69% of the company's equity, as collateral for debenture issuances worth ₹420 crores. The debentures, dated June 17 and governed by trust deeds with CTL Trusteeship, are issued by IGE (₹120 crore) and its wholly owned subsidiary Zenox Technology Services (₹300 crore). The proceeds will be used to repay existing group indebtedness and to finance Zenox's acquisition of Elpro shares and related delisting costs. The encumbrance covers shares held by IGE India, RCA Limited, and Amaranth Daksha Private Limited, effectively locking up more than 72% of the promoter group's total stake of 70.13%. The value of the pledged shares on the event date was ₹263.7 crore, implying a collateral coverage ratio of 0.63x relative to the total debt. As the debt is unrated and the debentures are not listed, the transaction carries limited transparency and elevates the risk profile of the promoter's financial commitments.

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Feb 25 (Reuters) - International Conveyors Ltd ICON.NS:

• BUYS SHARES OF RELIGARE ENTERPRISE

• ACQUISITION COST 75 MILLION RUPEES

Source text: ID:nBSE1hQkBD

Further company coverage: ICON.NS

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International Conveyors Ltd ICON.NS:

• INTERNATIONAL CONVEYORS LTD - ACQUIRES SHARES OF GANESHA ECOSPHERE

Source text: ID:nBSE4Xbmkx

Further company coverage: ICON.NS

Feb 25 (Reuters) - International Conveyors Ltd ICON.NS:

• INTERNATIONAL CONVEYORS LTD - NAMES YOGESH KAJARIA AS CHAIRMAN & MD

Source text: [ID:]

Further company coverage: ICON.NS

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By Anna Peverieri and Alban Kacher

Feb 19 (Reuters) - Dutch tank storage company Vopak VOPA.AS expects to receive the final decision on the initial public offering of its Indian joint venture Aegis Vopak (AVTL) in the first half of 2025, its finance chief said on Wednesday.

Vopak sold a small share as a private placement in 2024 to set the scene for the IPO and registered a net exceptional gain of 13 million euros ($13.6 million) from the deal, CFO Michiel Gilsing told Reuters.

"The ultimate valuation based on the private placement we built in 2024 looks pretty attractive," he said, adding that further gains would come depending AVTL's final valuation.

Vopak has terminals in seven Indian ports and expects to benefit from the dynamic growth of the country's economy, with many more investment opportunities, notably in the liquefied petroleum gas (LPG) market, Gilsing said.

Vopak said in November that AVTL had filed for an IPO worth 35 billion rupees ($403 million) with the Securities and Exchange Board of India.

The proceeds from the IPO will mainly be utilised for re-payment of debt and for acquiring an LPG terminal in the Indian city of Mangalore, Vopak said at the time.

($1 = 0.9594 euros)

($1 = 86.8400 Indian rupees)

(Reporting by Anna Peverieri and Alban Kacher in Gdansk; Editing by Milla Nissi)

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Jan 14 (Reuters) - International Conveyors Ltd ICON.NS:

• ACQUIRES EQUITY SHARES OF CARE RATINGS

• ACQUISITION COST AT 31.4 MILLION RUPEES

Source text: ID:nBSE4MFLy

Further company coverage: ICON.NS

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Dec 6 (Reuters) - International Conveyors Ltd ICON.NS:

• NAMES YOGESH KAJARIA AS CHAIRMAN AND MANAGING DIRECTOR

• CESSATION OF R. K. DABRIWALA AS MANAGING DIRECTOR

Source text: ID:nBSE5TCwHg

Further company coverage: ICON.NS

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** Shares of Gufic Biosciences GUFI.NS slip 6.1% to 418.50 rupees

** The pharmaceuticals co's Q2 consol total profit fell 6.2% y/y, revenue down 5% y/y

** Strategic initiatives,including increase in overall market share in Botulinum Toxin products, investments in new biological technology platform and commercialization of immuno-oncology therapy to boost growth over next few years, co says

** Stock up ~32% YTD

(Reporting by Vijay Malkar)

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Sept 26 (Reuters) - International Conveyors Ltd ICON.NS:

• ACQUIRED SHARES WORTH 53.5 MILLION RUPEES OF IIFL FINANCE

Source text for Eikon: ID:nBSE2s3hHR

Further company coverage: ICON.NS

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Sept 23 (Reuters) - International Conveyors Ltd ICON.NS:

• ACQUIRED SHARES OF STERLING AND WILSON RENEWABLE FOR 28.8 MILLION RUPEES

Source text for Eikon: ID:nBSE47KK63

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July 10 (Reuters) - International Conveyors Ltd ICON.NS:

• INTERNATIONAL CONVEYORS - CO ACQUIRED EQUITY SHARES OF V.I.P. INDUSTRIES

• INTERNATIONAL CONVEYORS - COST OF ACQUISITION 52.9 MILLION RUPEES

Source text for Eikon: ID:nBSE6Fk3CL

Further company coverage: ICON.NS

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** Shares of International Conveyors ICON.NS up 7.2% at 84.55 rupees, retreat from session's high of 8.7%

** ICON bought stake in home furnishing co Sheela Foam SHEF.NS for 31.4 mln rupees ($378,017)

** Stock has gained ~11% so far this week, on track to snap five straight weekly losses

** ICON stock has fallen 7% YTD

($1 = 83.0650 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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March 20 (Reuters) - International Conveyors Ltd ICON.NS:

• ACQUIRED EQUITY SHARES OF SHEELA FOAM

• 33,570 EQUITY SHARES ACQUIRED OF SHEELA FOAM

Source text for Eikon: ID:nBSE2LvMmW

Further company coverage: ICON.NS

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March 15 (Reuters) - International Conveyors Ltd ICON.NS:

• ACQUIRED EQUITY SHARES OF RELIGARE ENTERPRISES

• COST OF ACQUISITON AT 99.6 MILLION RUPEES

Source text for Eikon: ID:nBSE2mCb0M

Further company coverage: ICON.NS

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March 14 (Reuters) - International Conveyors Ltd ICON.NS:

• ACQUIRED EQUITY SHARES OF CAMPUS ACTIVEWEAR

• DEAL FOR 46.9 MILLION RUPEES

Source text for Eikon: ID:nBSE1vJYSl

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Nov 13 (Reuters) - International Conveyors Ltd ICON.NS:

• INDIA'S INTERNATIONAL CONVEYORS SEPT-QUARTER CONSOL NET PROFIT 229 MILLION RUPEES VERSUS PROFIT 72.2 MILLION RUPEES

• INTERNATIONAL CONVEYORS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 427.6 MILLION RUPEES VERSUS 660 MILLION RUPEES

Source text for Eikon: ID:nBSE6FLYjm

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Nov 3 (Reuters) - International Conveyors Ltd ICON.NS:

• ACQUIRED EQUITY SHARES OF GUFIC BIOSCIENCES

• COST OF ACQUISITION AT 27.9 MILLION RUPEES

Source text for Eikon: ID:nBSEwStVR

Further company coverage: ICON.NS

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Aug 24 (Reuters) - BSE Ltd BSEL.NS:

• ACQUIRED EQUITY SHARES OF BSE

• COST OF ACQUISITION 100 MILLION RUPEES

Source text for Eikon: ID:nBSEbn1qDx

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Aug 17 (Reuters) - International Conveyors Ltd ICON.NS:

• INTERNATIONAL CONVEYORS LTD - CO RECEIVED INTIMATION FROM INCOME TAX DEPARTMENT FOR 21.2 MILLION RUPEES

• INTERNATIONAL CONVEYORS LTD - DEPARTMENT MISINTERPRETED INCOME COMPUTATION AND DISCLOSURE STANDARDS

• INTERNATIONAL CONVEYORS LTD - CO HAS SUBMITTED ITS REPLY TO DEPARTMENT THAT INCOME TAX RETURN SUBMITTED BY CO IS ACCURATE

• INTERNATIONAL CONVEYORS LTD - CO REQUESTED DEPARTMENT TO MAKE NECESSARY RECTIFICATION BY GIVING EFFECT OF ICDS ADJUSTMENTS

Source text for Eikon: ID:nBSE3Zz2HL

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May 30 (Reuters) - International Conveyors Ltd ICON.NS:

• FINAL DIVIDEND OF 1.1 RUPEES PER SHARE

Source text for Eikon: ID:nBSE5JqVn7

Further company coverage: ICON.NS

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