Who acquired a stake in Elitecon International?

Mauritius-based Minerva Ventures acquired an 8.58% stake in Elitecon International.

What has been Elitecon International's stock performance?

Elitecon International's stock has delivered 156% returns in the last year and 4,250% over the last five years.

How did Elitecon International's net sales perform recently?

In a recent half-yearly period, Elitecon International saw net sales jump 581% to ₹3,735.64 crore.

Home / Business and Economy / Elitecon Sees Major Stake Buyout

Elitecon Sees Major Stake Buyout

1 Mar

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Summary

Mauritius fund Minerva Ventures acquired 8.58% of Elitecon.
Elitecon stock has seen 156% growth in one year.
The company reported a 581% jump in net sales recently.

Elitecon International is gaining attention following a substantial stake acquisition by Minerva Ventures, a Mauritius-based investment firm. Minerva Ventures has secured an 8.58% stake in Elitecon through a combination of warrant issuances and open market transactions. This development follows a period of impressive stock performance for Elitecon, which has delivered 156% returns in the last year and an astounding 4,250% over five years.

The company's financial health has also shown significant improvement. In a recent half-yearly period, Elitecon experienced a remarkable 581% surge in net sales, reaching ₹3,735.64 crore, and a 195% rise in net profit to ₹117.20 crore. This acceleration contrasts with a more modest performance in the fiscal year 2025, when annual net sales were ₹548.76 crore and net profit was ₹69.65 crore.

Further contributing to the news, Elitecon has faced scrutiny regarding inventory and manufacturing practices. During an inspection, certain tobacco product inventories and related packaging machinery were seized due to alleged contraventions of an unspecified notification. The company has stated its cooperation with the relevant authorities regarding this matter.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.