International Conveyors Acquires 3,60,000 Shares in Religare Enterprises for ₹7.50 Crore

International Conveyors Limited has expanded its investment portfolio by purchasing equity shares in Religare Enterprises Limited. The transaction was completed on 25 February 2026 and was undertaken for investment purposes. 

Investment Details 

The company acquired 3,60,000 equity shares through a cash transaction valued at ₹7.50 crore. The acquisition does not involve any related party interest and represents a strategic capital deployment decision by International Conveyors. 

Religare Enterprises operates as a diversified financial services holding company. Through its subsidiaries and operating entities, it provides services across SME lending, affordable housing finance, health insurance and capital markets. 

Financial Snapshot of Religare Enterprises 

Religare Enterprises reported a turnover of ₹7,354.236 crore in FY 2024-25, compared with ₹6,234.786 crore in FY 2023-24 and ₹4,676.456 crore in FY 2022-23, reflecting consistent revenue growth over the past three financial years. The company operates in India. 

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International Conveyors Share Price Performance  

As of 26 February 2026, at AM, International Conveyors Limited share price is trading at ₹80.00 per share, reflecting a surge of 0.35% from the previous closing price. Over the past month, the stock has declined by 0.09%. 

Conclusion 

With this acquisition, International Conveyors has made a measured entry into the financial services space through an equity investment in Religare Enterprises. The move aligns with its investment-focused capital allocation strategy while maintaining its core operational business. 

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