Galaxy Bearings approves sale of Pune industrial land in tranches

Strategic Transactions View source PDF Explain this filing

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

+1.6%Reaction day

₹915.05

prior close

₹923.05

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-3.3%+4.9% vs market

Abrasives & Bearings peers, median of 6sector-4.4%+6.0% vs sector

On the reaction day the stock moved 4.9 pts more than Nifty Microcap 250 and 6.0 pts more than its Abrasives & Bearings 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

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15m

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30m

+2.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6-3.3+4.9-4.4+6.0

Next day

-1.6-3.4+1.8-2.4+0.8

-1.4-2.6+1.2-2.3+0.8

-0.2-1.0+0.8-1.2+0.9

+1.2-1.2+2.4-1.8+3.0

-0.6-0.7+0.2-1.4+0.9

-0.9-1.0+0.1-0.7-0.2

15d

+9.5-1.7+11.2-5.1+14.6

+9.1-4.1+13.2-10.1+19.2

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UpDownMarket · Nifty Microcap 250Sector · Abrasives & Bearings peers, median of 6Pending

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

AI summary

Galaxy Bearings Board approved selling its unutilized 20,234 sq.m industrial land at Sanaswadi, Pune in tranches. First two tranches: 6,100 sq.m to BRK Infra Leasing LLP for Rs.125 Lakhs (sale deed Sept 17), and 5,700 sq.m to Treefac Works LLP for Rs.150 Lakhs (sale deed Sept 24). Buyers are not related parties. Remaining area to be sold in subsequent tranches with further updates to follow.

Likely market impact

Cash inflow of about Rs.275 Lakhs from initial tranches; non-core, unutilized land monetisation with no impact on operations.