Announced Thu, 9 Jul · 21:23 IST
Dhampur Bio Organics completes 74% acquisition of DBION Pvt Ltd
DBOL · 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
+5.1%1-day move
₹110.57
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+5.1+6.4+1.9-2.3+1.4-3.9————
Up moveDown movePending
AI summary
Dhampur Bio Organics has completed the acquisition of 7,400 equity shares, a 74% stake, in DBION Private Limited, formerly known as Sonitron Chemicals. Shares were bought at Rs. 10 each, totaling Rs. 74,000. This is part of a Joint Venture Agreement with Orgonew Private Limited, making DBION a subsidiary and JV company of Dhampur Bio Organics.
Likely market impact
DBION becomes a subsidiary, expanding the company's portfolio. Likely positive for long-term growth, though near-term price impact may be limited given the small deal size.