Subsidiary to invest about Rs 70 cr in Ticker Ltd via preferential issue

Listed Co AcquisitionStrategic Transactions View source PDF

63MOONS · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-3.9%1-day move

₹735.00

prior close

₹728.90

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-1.5-1.1—-1.4-3.9-3.7-1.0———————

Up moveDown movePending

AI summary

Board approved FTSPL (wholly owned overseas subsidiary) subscribing to 2,59,25,926 equity shares of Ticker Ltd (subsidiary) at Rs 27 per share via preferential issue, aggregating about Rs 70 crores. This is a material related party transaction between two subsidiaries, done at arm's length. Subject to shareholders' approval via postal ballot. Purpose: deploy surplus treasury funds of FTSPL. No change in control, FTSPL stake rises from 0.45% by additional 1.45%.

Likely market impact

Internal capital infusion into loss-making subsidiary using surplus overseas funds. Subject to shareholder approval. Limited direct impact on listed entity.