Merger of wholly-owned subsidiary Bright Brothers LLC completed

Strategic Transactions View source PDF Explain this filing

BRIGHTBR · 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

-1.7%Reaction day

₹233.95

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.8%+1.1% vs market

Plastic Products - Industrial peers, median of 43sector-1.8%+0.1% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 0.1 pts more than its Plastic Products - Industrial 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

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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

-1.7-2.8+1.1-1.8+0.1

Next day

-3.4-2.5-0.9-2.2-1.2

-9.8-1.7-8.1-1.9-7.9

-8.5-1.5-7.0-2.0-6.6

-10.2-0.8-9.4-0.3-10.0

-4.3-2.4-1.8-1.3-2.9

-15.0-3.4-11.6-2.2-12.8

15d

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UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 43Pending

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

AI summary

Bright Brothers Limited informed that the merger of its wholly-owned subsidiary Bright Brothers LLC with step-down subsidiary Sintex Logistics LLC has been completed. Bright Brothers LLC has ceased to exist; Sintex Logistics LLC is the surviving entity and has been renamed Bright Composites LLC, which is now a wholly-owned subsidiary of Bright Brothers Limited.

Likely market impact

Internal restructuring of wholly-owned subsidiaries. No change in ultimate control or shareholding of Bright Brothers Limited.