Announced Wed, 1 Jul · 19:03 IST
US arm gets tariff refund of about Rs 20 crore from CBP
Strategic Transactions View source PDF
ADFFOODS · price
▲ 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
+3.5%1-day move
₹309.00
prior close
₹315.30
base price
After-mkt
timing
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+6.7+8.7+8.2+9.6+3.5-0.6+0.3+0.6+3.0+3.8-3.7———
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AI summary
ADF Foods' wholly owned US subsidiary, ADF Holdings (USA) Ltd, has received a tariff refund of USD 2.1 million (around Rs 19.97 crore) from US Customs following US Supreme Court directives to refund excess tariffs collected from importers. The company said it will take suitable further steps as applicable.
Likely market impact
Positive one-time cash inflow of roughly Rs 20 crore into the US subsidiary, which may lift reported earnings in the relevant period.