Announced Fri, 4 Sept, 2026 · 08:43 IST
AJC Jewel to acquire 80% stake in UAE subsidiary via share swap
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
+10.2%1-day move
₹201.80
prior close
₹211.85
base price
After-mkt
timing
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+0.0+0.0+0.0+0.0+10.2+15.7+21.5+27.6+33.9+47.6+97.2+103.7——
Up moveDown movePending
AI summary
AJC Jewel Manufacturers Board approved acquiring 80% stake in AJC Jewel Manufacturers FZC Sharjah for 9.6 crore. Entirely non-cash share swap with up to 5,67,492 equity shares at 169.16 each. UAE entity reported 127.95 crore revenue in CY2025, up 138% YoY. Subject to regulatory and shareholder approvals, expected to complete in 3-6 months.
Likely market impact
Strengthens international presence with UAE subsidiary. No cash outflow but 8.55% equity dilution. Promoter holding rises to 59.85%.