Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisionsDiscover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor PicksThe latest announcement is out from International Conveyors Ltd. ( (IN:INTLCONV) ). International Conveyors Limited has disclosed that it has acquired equity shares in Religare Enterprises Limited, an investment company with a reported turnover of Rs 7,354.236 crore in FY 2024-25. The move signals International Conveyors’ continued use of surplus capital for financial investments outside its core operating business, potentially broadening its income streams and risk exposure through participation in a large diversified financial group. For stakeholders, the modest deal size relative to Religare’s scale suggests a portfolio investment that may enhance financial returns without materially altering the company’s control structure or primary business focus in the near term. More about International Conveyors Ltd.International Conveyors Limited operates in the industrial manufacturing sector, focusing on conveyor-related products and solutions, while also deploying capital into financial investments.

Source: International New York Times April 10, 2026 20:00 UTC