ATV Projects revises land development consideration under consortium agreement
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 17.4 pts more than Nifty Microcap 250 and 17.3 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The Board approved an addendum to the consortium agreement with Shri Vrinda Infracon for land development at ATV Nagar, Mathura. A joint measurement found 370 square yards less than the agreed 15,918, reducing the area to 15,548 square yards. Consideration fell by ₹1.11 crore, from ₹47.754 crore to ₹46.644 crore. No separate development agreement will be signed.
ATV's project cost falls by ₹1.11 crore, improving deal economics. No shares, special rights or related-party transaction are involved.