Board approves amalgamation with Zenith Healthcare

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

Price reactionminutes from the announcement price · days from the prior close

-3.9%Reaction day

₹7.79

prior close

₹7.88

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-4.5% vs market

Pharmaceuticals peers, median of 165sector+0.0%-3.9% vs sector

On the reaction day the stock moved 4.5 pts less than Nifty Microcap 250 and 3.9 pts less than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+4.3

10m

+3.4

15m

+4.3

30m

+4.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.9+0.6-4.5+0.0-3.9

Next day

-8.6+0.2-8.8+0.0-8.6

-13.1-0.9-12.2-1.1-12.0

-8.9-0.3-8.6-0.4-8.4

-5.3+0.0-5.3-0.3-4.9

-7.6-1.1-6.4-1.6-6.0

-8.3-1.4-6.9-2.6-5.8

15d

-9.2+2.7-11.9-1.1-8.1

-9.4+3.6-12.9-0.4-8.9

-12.7+2.0-14.7-0.3-12.4

-29.8+1.1-30.9-2.2-27.6

UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 165Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board of Achyut Healthcare approved a scheme of amalgamation with Zenith Healthcare, both pharma firms in the same promoter group. Exchange ratio: 119 Zenith shares for every 50 Achyut shares. No cash consideration. Achyut has assets of INR 3809.44 lakhs and net worth of INR 3506.12 lakhs. Subject to NCLT, BSE, and shareholder approvals.

Likely market impact

Achyut shareholders will get Zenith shares per 119:50 ratio. Achyut will dissolve. Pending NCLT and other approvals.