Announced Wed, 1 Apr · 16:21 IST
Land sale at Podanur to be completed in two phases; first phase in April 2026
Strategic Transactions View source PDF
EVERESTIND · 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
+2.2%1-day move
₹318.40
prior close
₹315.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.6-2.3-1.6-1.4+2.2+0.2+5.9+4.8+4.3+27.5+24.4+24.3+17.8+57.8
Up moveDown movePending
AI summary
Everest Industries is selling its land at Podanur to G Square Realtors in two phases instead of a single transaction. The first phase covers approximately 15-16 acres and is expected to be completed in April 2026, slightly later than the earlier March 31, 2026 target. The phasing is due to pending government approvals, and both parties have mutually agreed to the revised plan.
Likely market impact
Slight delay in monetizing the Podanur land asset; first tranche of 15-16 acres expected in April 2026. Modestly positive for cash flows once completed.