Elpro International Limited Announces Voluntary Delisting Initiative Through Promoter Group Acquisition
Published on: May 1, 2026, 7:47 p.m. | Source: scanx.trade
Elpro International Limited has announced a voluntary delisting proposal initiated by promoter group entities I G E (India) Private Limited and Zenox Technology Services Private Limited, along with promoters Mr. Surbhit Dabriwala and Mrs. Yamini Dabriwala. The proposal targets acquisition of 4,23,70,160 equity shares representing 25.00% public shareholding, with Motilal Oswal Investment Advisors Limited as Manager to the offer. The promoter group currently holds 75% equity, seeking full ownership for operational flexibility and cost reduction while providing immediate liquidity to public shareholders through SEBI Delisting Regulations 2021 compliance.
