Arvind scraps TU28 deal, signs new pacts with TU12 and TU21 for renewable power

Listed Co AcquisitionDeal CancelledStrategic Transactions View source PDF Explain this filing

ARVIND · price

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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

-0.8%Reaction day

₹540.00

prior close

₹539.25

announcement price

After-mkt

timing

Nifty Microcap 250market+0.6%-1.4% vs market

Garments & Apparels peers, median of 42sector-0.2%-0.6% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 0.6 pts less than its Garments & Apparels 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

-0.0

10m

-0.2

15m

-0.7

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8+0.6-1.4-0.2-0.6

Next day

+0.5+0.4+0.2+0.2+0.3

+0.0+0.7-0.6+0.5-0.5

+3.4+1.0+2.4-0.9+4.3

+2.9-0.0+2.9-0.9+3.9

+6.0-0.6+6.6-1.0+7.0

+2.4+0.7+1.7-0.9+3.3

15d

+0.0-1.2+1.3-2.9+2.9

+0.8-0.9+1.7-4.9+5.7

-11.1-9.0-2.1-11.1-0.0

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UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 42Pending

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

AI summary

Arvind terminated its power transfer and share subscription deal with Torrent Urja 28 by mutual agreement due to capacity reallocation; no equity was ever invested. Separately, it entered fresh agreements with Torrent Urja 12 for 13.30 percent stake (up to Rs 3.47 crore) and Torrent Urja 21 for 26.60 percent stake (up to Rs 17.33 crore) for captive hybrid renewable power projects in Gujarat.

Likely market impact

Renewable power procurement plan continues through new entities. Small equity outlay of up to Rs 20.8 crore total, supporting captive energy needs.