Elitecon International Limited
Radiant Global decreased its stake in Elitecon International Limited from 1.72% to 1.67%, selling 818,500 shares. The value of the sold shares was ₹1.46 crore at ₹17.87 apiece.
A manufacturer of cigarettes and tobacco products established in 1987, Elitecon International operates across India's tobacco segment. The company engages in production, distribution, and supply of various tobacco-based products for the domestic market. With operations spanning manufacturing and retail distribution channels, Elitecon serves consumers through established trade networks and maintains a presence in the competitive Indian tobacco industry.
Radiant Global Fund is a Mauritius-domiciled open-ended fund registered as a Category I foreign portfolio investor. It runs a global equity derivatives and arbitrage strategy focused primarily on the Indian and US markets, and acts as an anchor investor in Indian SME offerings.