New Delhi, Oct. 2 -- Shares of small-cap multibagger Elitecon International are set to be in focus on Friday, October 3, following a significant announcement regarding strategic acquisitions. The company has acquired controlling stakes in two agro-based firms, Landsmill Agro Private Limited and Sunbridge Agro Private Limited, signaling a major expansion of its FMCG business vertical.

Elitecon International acquired 51,48,000 equity shares, representing a 55 percent stake, at a price of Rs. 102.67 per share, amounting to a cash consideration of Rs. 52.85 crores.

Landsmill Agro is engaged in the business of agro products and allied activities. Elitecon International's primary objective behind this acquisition is to strengthen its existing...