Dilution of stake in Dutch subsidiary Exicom B.V. due to OCD conversion

Ownership Changes View source PDF Explain this filing

EXICOM · price

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

-0.1%Reaction day

₹165.65

prior close

₹166.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-1.4% vs market

Heavy Electrical Equipment peers, median of 33sector+0.4%-0.5% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 0.5 pts less than its Heavy Electrical Equipment 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

+1.3

10m

+1.6

15m

+1.4

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.1+1.3-1.4+0.4-0.5

Next day

+2.2+1.6+0.5-0.3+2.4

-4.6+1.7-6.3+0.2-4.8

-7.7+1.6-9.3-0.1-7.6

-13.2+1.5-14.6-0.3-12.8

-14.5+1.8-16.3+0.4-14.9

-8.6+2.1-10.7-0.4-8.2

15d

-6.4+3.2-9.6-1.2-5.2

+10.5+3.7+6.8-4.6+15.0

-8.6+1.1-9.7-3.7-4.9

—————

UpDownMarket · Nifty Microcap 250Sector · Heavy Electrical Equipment peers, median of 33Pending

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

AI summary

Exicom Tele-Systems stake in Dutch subsidiary Exicom Power Solutions B.V. has been diluted from 92.23 percent to 90.29 percent. This is due to conversion of Optionally Convertible Debentures worth USD 1.5 million (about EUR 1.31 million) held by a foreign investor into equity shares. So far, USD 7 million of the total USD 10 million OCDs issued have been converted. The subsidiary will continue to remain a material subsidiary.

Likely market impact

Minor stake dilution in subsidiary; subsidiary remains material. Limited direct impact on listed entity.