Image Source: Ganesha Ecosphere
International Conveyors Ltd has acquired 121,540 equity shares of Ganesha Ecosphere Ltd, a top rPET fibre producer, for ₹11.28 crore. The acquisition, completed on November 26, 2025, is a strategic investment outside its main business, with no related party involvement and no regulatory approvals needed.
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International Conveyors Ltd has announced the acquisition of equity shares in Ganesha Ecosphere Ltd, a prominent player in the rPET fibre and yarn manufacturing sector in India. The deal, finalized on November 26, 2025, is valued at ₹11.28 crore and involves a cash consideration. The acquisition is purely for investment purposes and does not constitute a related party transaction, ensuring arms-length dealings.
Ganesha Ecosphere Ltd, established in 1987, has built a strong reputation as a pioneer in recycling PET bottles into high-quality fibres and yarns. The company’s turnover for FY 2024-25 stood at ₹1,465.54 crore, with consistent growth over the last three years. The acquisition adds a significant asset in the textile and sustainability segment to International Conveyors’ portfolio.
Key Highlights:
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Acquisition completed on November 26, 2025, for ₹11.28 crore in cash consideration.
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121,540 equity shares acquired in Ganesha Ecosphere Ltd.
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No related party involvement; transaction done at arms length.
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Ganesha Ecosphere is a leading rPET fibre manufacturer with a turnover of ₹1,465.54 crore in FY 2024-25.
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Strategic investment outside International Conveyors’ main line of business.
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No regulatory approvals required for the acquisition.
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Ganesha Ecosphere has presence only in India.
Source: Company Disclosure to the Stock Exchanges
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