GEM Enviro to acquire 26% stake in Solluz Energy for Rs 5.06 crore

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

Price

Loading chart…

▲ 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

-2.4%1-day move

₹35.56

prior close

—

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-2.4-4.7-4.4-3.0-3.0-4.4————

Up moveDown movePending

AI summary

GEM Enviro Management will acquire 21,10,680 equity shares (26%) in Solluz Energy for Rs 5.06 crore at Rs 24 per share (face value Rs 10, premium Rs 14). Solluz will become an associate of GEM Enviro post-investment. The deal is not a related party transaction. GEM gets rights to nominate 2 directors, pre-emptive rights on future issues, right of first offer on promoter transfers, and tag-along rights.

Likely market impact

Strategic move into the energy sector; Solluz becomes an associate. Modest ticket size of around 5 crore rupees.