Announced Wed, 19 Aug · 15:34 IST
Postal ballot for sale of Singapore investment at USD 1.55 per share
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
-3.9%1-day move
₹44.25
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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Up moveDown movePending
AI summary
Envair Electrodyne seeks shareholder approval to sell its full 19.33% stake (1,43,750 shares) in Singapore-based Alliance Asia-Pac Pte. Ltd. to Duratech Cements and Imperial Marketing Services at USD 1.55 per share, for about INR 2.13 Crores. Alliance Asia-Pac holds a soap plant in Indonesia supplying Unilever. Earlier proposal to sell to individual promoters has been cancelled. E-voting ends September 19, 2026.
Likely market impact
Divestment of overseas investment to strengthen liquidity. Proceeds to fund business expansion. Earlier promoter deal now superseded.