eMudhra: Police complaint by 3i Infotech closed in company's favour

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EMUDHRA · 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

-2.7%Reaction day

₹560.20

prior close

₹560.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-2.1% vs market

IT Enabled Services peers, median of 78sector-1.0%-1.8% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 1.8 pts less than its IT Enabled 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

-0.8

10m

-1.7

15m

-2.5

30m

-4.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.7-0.6-2.1-1.0-1.8

Next day

-2.7-0.1-2.6-0.5-2.3

-3.6+0.2-3.8-0.6-3.0

-3.6+0.4-4.0+0.6-4.2

-3.0+0.0-3.0-0.6-2.4

-3.2+0.6-3.8-1.0-2.2

-0.2+0.7-0.9-0.1-0.2

15d

-9.0+1.5-10.4-0.8-8.2

+18.4+0.2+18.2-0.7+19.1

-3.6-3.7+0.2-4.5+0.9

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UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 78Pending

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

AI summary

Economic Offence Wing, Navi Mumbai Police Commissionerate has closed the complaint filed by 3i Infotech Limited against eMudhra. 3i Infotech had alleged financial fraud, criminal breach of trust, cheating, and criminal conspiracy related to the disinvestment of 3i Consumer Services (now eMudhra) and alleged wrongful redemption of preference shares. Police preliminary inquiry found the matter is not criminal in nature and could be a civil dispute for appropriate authorities. eMudhra had strongly denied all allegations earlier.

Likely market impact

Positive for eMudhra as criminal allegations stand dismissed, reducing a key overhang, though civil dispute with 3i Infotech may still continue.