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Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

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

+6.0%Reaction day

₹50.00

prior close

₹50.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+5.7% vs market

Diversified Commercial Services peers, median of 69sector-0.1%+6.1% vs sector

On the reaction day the stock moved 5.7 pts more than Nifty Microcap 250 and 6.1 pts more than its Diversified Commercial Services 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

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+6.0+0.3+5.7-0.1+6.1

Next day

+0.0-1.1+1.1-0.7+0.7

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15d

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-37.0+3.6-40.6-0.6-36.4

UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 69Pending

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

AI summary

Asgard Alcobev Limited has completed the acquisition of a 78.90% stake in CMJ Breweries Private Limited (CMJBPL), the largest brewery in Northeast India, through a share swap worth ₹2,190.44 Lakhs. To fund this, the company allotted 15.10 crore equity shares at ₹1.45 each to the selling shareholders of CMJBPL as consideration other than cash. Additionally, 3.90 crore equity shares were issued for cash (₹5.65 crore total) and 2.20 crore convertible warrants were issued to non-promoter public category. CMJBPL reported a standalone turnover of ₹25,200.19 Lakhs in FY25, and the acquisition is aimed at diversifying the company's business into the alcoholic beverages sector.

Likely market impact

This is a transformative acquisition that shifts the company's business focus into the beer/alcoholic beverages industry, potentially boosting revenue scale significantly. The change of promoter group — with CMJBPL sellers becoming new promoters and existing promoters reclassified as public — could lead to increased volatility and open offer-driven price action in the stock.