Announced Wed, 25 Mar · 19:25 IST

Intimation of Change in Status of the Company from Subsidiary to Associate of Archana Coal Private Limited pursuant to sale of 8.00% equity shares

Promoter Stake Sell 1pctOwnership Changes View source PDF

Price

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▲ 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

-6.3%1-day move

₹131.50

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-6.3+1.1+4.9+4.9+7.2+12.2+14.8+21.5+17.4+17.0

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AI summary

Available Finance Ltd has informed BSE that Archana Coal Private Limited (ACPL) has sold 8% of its equity shareholding in the company. As a result, ACPL's stake in Available Finance has come down, and the company has ceased to be a subsidiary of ACPL. It has now been reclassified as an 'Associate' of ACPL under Section 2(6) of the Companies Act, 2013. The intimation has been made under Regulation 30 of SEBI LODR Regulations. No further details on the buyer, the price, or the post-sale holding of ACPL have been disclosed in this filing.

Likely market impact

This signals a partial exit by the parent entity ACPL, reducing its control over Available Finance from a subsidiary to an associate relationship. For shareholders, this means a change in the ownership structure, though day-to-day stock price impact is likely limited unless further stake changes follow.