Centrum Capital to sell Merchant Banking Division to subsidiary

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CENTRUM · price

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

-2.2%Reaction day

₹24.52

prior close

₹24.20

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-1.0% vs market

Other Financial Services peers, median of 78sector-0.7%-1.5% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 1.5 pts less than its Other Financial 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

Stock

+2.4

10m

+0.7

15m

+0.8

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2-1.3-1.0-0.7-1.5

Next day

+2.0+2.4-0.4+0.3+1.7

+4.8+3.8+1.0+1.1+3.7

+2.7+2.7+0.0+0.5+2.2

+5.6+1.9+3.7+0.7+4.9

+7.6+4.6+3.1+1.1+6.5

+13.0+5.1+7.9+1.5+11.5

15d

-0.1+2.1-2.2-0.6+0.6

-0.3-2.1+1.8-4.3+4.0

+12.4-6.4+18.8-5.1+17.5

+1.1+9.5-8.4+3.7-2.6

UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 78Pending

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

AI summary

Centrum Capital's board approved selling its Merchant Banking Division to wholly-owned subsidiary Centrum Broking Limited via slump sale for Rs. 1.79 crore. The MB division contributed just 0.32 percent of FY25 consolidated revenue (Rs. 1,119 lakh out of Rs. 3,49,340 lakh). The company will surrender its SEBI Merchant Banker registration. It is a related party transaction at arm's length, expected to close in 2-3 months subject to approvals. No change in shareholding.

Likely market impact

Minor division transfer to subsidiary with negligible financial impact. Streamlining aligns with RBI group restructuring for Unity Small Finance Bank.