Eveready to sell Noida land for Rs 251.55 crore

Strategic Transactions View source PDF Explain this filing

EVEREADY · price

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

+1.2%Reaction day

₹341.00

prior close

₹341.15

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+1.7% vs market

Household Products peers, median of 8sector+0.6%+0.5% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 0.5 pts more than its Household Products 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

+0.4

10m

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15m

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30m

+0.5

Sessions after the filingfrom the prior close

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Reaction day

+1.2-0.5+1.7+0.6+0.5

Next day

-1.2-2.0+0.8-1.4+0.2

-1.2-2.7+1.5-1.3+0.2

-1.8-1.7-0.0-1.9+0.1

-3.7-1.4-2.3-3.5-0.2

-3.4-2.8-0.6-3.8+0.4

-4.3-2.8-1.4-4.2-0.1

15d

-7.1-8.4+1.3-7.7+0.5

-7.9-9.1+1.2-10.1+2.1

-13.6-4.0-9.6-7.8-5.8

-6.3+2.6-9.0-5.2-1.1

UpDownMarket · Nifty Microcap 250Sector · Household Products peers, median of 8Pending

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

AI summary

Eveready Industries has signed a definitive agreement to sell its leasehold rights over land and structures at Sector 80, Noida, to NewGen Enterprise LLP and Gupta Infra Property Solutions LLP for Rs 251.55 crore. The asset contributed about Rs 15.10 crore, around 1 percent of company turnover, in the last financial year. The buyers are not related to promoters. The deal is expected to close by 30 September 2026, subject to approvals.

Likely market impact

Positive - monetizes a low-yielding, non-core real estate asset at a value far above its revenue contribution, boosting cash reserves.