Eimco Elecon (India) Limited
Aegis increased its stake in Eimco Elecon (India) Limited from 2.57% to 2.79%, buying 12,684 shares. The value of the additional shares is ₹2.26 crore at ₹1783.80 apiece.
A manufacturer of specialized mining equipment, Eimco Elecon designs and produces machinery for underground and opencast mining operations across India. The company pioneered intermediate mining technology in the country by introducing side dump loaders, load haul dumpers, and rocker shovel loaders. Based in Gujarat since its incorporation in 1974, it serves mining operators with engineered extraction solutions and equipment maintenance support.
Aegis Investment Fund PCC is a foreign portfolio investor that acts as an anchor investor in Indian SME IPOs. It has backed offerings across sectors such as drones, information technology, and media.