Elpro International Ltd Acquires Equity Shares of Cohance Lifesciences Limited
Elpro International Ltd has completed the acquisition of equity shares in Cohance Lifesciences Limited. The transaction involved a cash consideration and increased Elpro’s holding in the target entity.The acquisition details indicate that the cost of acquiring the shares was INR 4.79 Crores. Elpro International Ltd acquired 1,33,086 fresh equity shares, increasing its total holding to 2,48,813 equity shares. This follows Elpro's previous holding of 1,15,727 equity shares.
Profile of Cohance Lifesciences
Cohance Lifesciences Limited, which is categorized under the Pharmaceuticals industry, was incorporated on November 6, 2018. The company's operations span India and the United States of America. Its business profile highlights its comprehensive capability in areas such as Pharma CDMO, APIs, Specialty Chemicals, Formulations, and next-generation platforms.The entity's consolidated turnover for the last three financial years demonstrates consistent operational activity:
| Financial Year | Revenue from Operations (Amount in Crores) | Other Income (Amount in Crores) | Total Consolidated Turnover (Amount in Crores) |
|---|---|---|---|
| FY 2024-25 | 1,197.58 | 58.56 | 1,256.14 |
| FY 2023-24 | 1,051.35 | 61.91 | 1,113.26 |
| FY 2022-23 | 1,340.33 | 46.36 | 1,386.69 |
Acquisition Summary
The shares acquired by Elpro International Ltd represent a cash consideration, with no related party transaction reported for this acquisition. The company confirmed that the investment purpose was the primary objective behind the acquisition.The following table summarizes the key financial and shareholding parameters of the transaction:
| Parameter | Details |
|---|---|
| Cost of Acquisition | INR 4.79 Crores |
| Consideration Nature | Cash consideration |
| Fresh Shares Acquired | 1,33,086 Equity Shares |
| Previous Holding | 1,15,727 Equity Shares |
| Total Holding After Acquisition | 2,48,813 Equity Shares |
ELPROINTL Stock Price Movement
Today, Elpro International Limited shares edged higher to settle at ₹102.6, marking a gain of 0.10% in after-hours trading. The stock traded within a range of ₹102 to ₹104.8 today, supported by a total traded volume of 22,452 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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