Filatex India invests Rs 20 cr in subsidiary Ecosis via rights issue

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

-2.4%Reaction day

₹108.14

prior close

₹105.54

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.5%-0.9% vs market

Other Textile Products peers, median of 192sector-0.2%-2.1% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 2.1 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 192Pending

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

AI summary

Filatex India acquired 2 crore equity shares of wholly owned subsidiary Ecosis Limited at Rs 10 each, investing Rs 20 crore via a rights issue. Total investment in Ecosis now stands at around Rs 85 crore. Funds will be used for a Polyester Textiles Recycling Project, repaying an existing loan from Filatex, and working capital needs.

Likely market impact

Capital infusion into subsidiary for recycling project and working capital. No material impact on standalone financials expected.