Elitecon International Limited (BSE:539533) agreed to acquire Ashicore International Private Limited for INR 3.5 billion on August 1, 2025. A cash consideration of INR 3.5 billion will be paid by Elitecon International Limited. As part of consideration, INR 3.5 billion is paid towards common equity of Ashicore International Private Limited.

For the period ending March 31, 2025, Ashicore International Private Limited reported total revenue of nil.