Announced Thu, 2 Jul · 13:41 IST
Promoter Group buys CCPS from Union Bank of India
BHARATWIRE · 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
-1.4%1-day move
₹215.00
prior close
₹217.30
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0-0.6——-1.4+1.6+0.1-3.3+0.3+0.0-9.7———
Up moveDown movePending
AI summary
Promoter Group entity Gyanshankar E-Trading LLP bought 3,782 unlisted Compulsorily Convertible Preference Shares from Union Bank of India through an off-market deal. Separately, 38,266 unlisted CCPS were earlier allotted to a consortium of banks in FY 2020-21 against conversion of a 382.66 crore rupee loan under a Resolution Plan. The acquisition does not change total paid-up capital at this stage.
Likely market impact
Promoter Group is consolidating holdings by acquiring CCPS from a lender, though paid-up capital is unchanged for now.