Announced Tue, 21 Jul · 16:23 IST
Airo Lam board approves sale of 40 percent stake in Thailand associate
AIROLAM · 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
-0.7%1-day move
₹88.05
prior close
₹87.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
——+1.6—-0.7-2.5-1.8———————
Up moveDown movePending
AI summary
Board of Airo Lam approved selling 40 percent equity stake in Thailand based Airolam Asia Pacific Co Ltd, its associate, for Rs 36 lakh cash (8000 shares). Shareholding will drop from 49 percent to 9 percent and the entity will cease to be an associate. The associate trades laminate products. Subject to FEMA and regulatory approvals, closing expected by July 30 2026. Associates FY26 turnover was about 64 lakh Baht.
Likely market impact
Cash inflow of Rs 36 lakh from divesting a small overseas arm. Retained 9 percent stake so limited future earnings contribution. Minor event.