Announced Fri, 3 Jul · 18:55 IST
21 promoter group entities reclassified as public shareholders
Ownership Changes View source PDF
FUSION · 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
-2.3%1-day move
₹233.00
prior close
₹234.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.4-2.8-3.5-3.8-2.3-5.1-1.7+0.4+2.1-2.2-5.4———
Up moveDown movePending
AI summary
NSE and BSE have approved reclassifying 21 promoter or promoter group entities of Fusion Finance as public shareholders, subject to shareholder approval. Together they hold 28,67,019 shares or 1.77% of the company. Key among them is Devesh Sachdev with 21,56,519 shares (1.33%). The remaining promoters including Honey Rose Investments, Creation Investments Fusion LLC, and Creation Investments Fusion II LLC will continue as promoters and retain majority shareholding.
Likely market impact
Marginal reduction in promoter shareholding. Reclassification still needs shareholder approval. Other promoters keep majority stake.