Foseco India completes sale of 1.77% stake in subsidiary FCIL

Strategic Transactions View source PDF Explain this filing

FOSECOIND · price

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

-1.2%Reaction day

₹5184.70

prior close

₹5172.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-0.5% vs market

Specialty Chemicals peers, median of 96sector-1.1%-0.1% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.1 pts less than its Specialty Chemicals 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

+1.0

15m

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30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2-0.7-0.5-1.1-0.1

Next day

+1.5-0.8+2.3-0.8+2.3

-0.3-1.4+1.1-1.6+1.3

+2.5-1.7+4.2-2.0+4.5

+3.0-0.7+3.6-1.8+4.8

+2.7-0.5+3.2-2.0+4.6

-0.1+0.0-0.1-0.3+0.3

15d

-1.1+0.5-1.6-0.3-0.8

-3.1-1.9-1.2-1.5-1.7

+3.7+4.3-0.6+2.2+1.6

+26.5+5.8+20.7+3.4+23.2

UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 96Pending

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

AI summary

Foseco India sold 99,081 shares (1.77%) of subsidiary Foseco Crucible (India) Ltd (FCIL) via open market in multiple tranches for about INR 12 crore. The sale helps FCIL meet minimum public shareholding norms under SEBI regulations. Foseco India's holding in FCIL is now 75%.

Likely market impact

Minor stake sale for regulatory compliance. Brings in about INR 12 crore cash; Foseco India retains 75% in FCIL.