Subsidiary signs $87.5M loan for Tanzania sugar project

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DALMIASUG · 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

-4.1%Reaction day

₹454.05

prior close

₹437.05

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%-3.1% vs market

Sugar peers, median of 27sector-3.3%-0.8% vs sector

On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 0.8 pts less than its Sugar 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

+0.1

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+0.3

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-0.2

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.1-1.0-3.1-3.3-0.8

Next day

-6.6-3.3-3.3-5.7-0.9

-7.3-2.9-4.3-7.0-0.3

-9.5-1.3-8.3-5.6-4.0

-10.6pendingpending-5.9-4.7

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15d

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UpDownMarket · Nifty Microcap 250Sector · Sugar peers, median of 27Pending

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

AI summary

Dalmia Bharat Sugar's step-down subsidiary EATL has signed a $87.5M term loan facility with CRDB Bank to fund a 3500 TCD sugar plant and 20 MW co-gen facility in Tanzania (total project cost $132M). DBSIL will back 51 percent of principal via a standby letter of credit as collateral. The loan is for 10 years at floating rate.

Likely market impact

Progress on overseas expansion. Contingent liability via SBLC; project execution and currency risks remain.