Genus Power to acquire full stake in Newlectric Innovation for Rs 25.23 cr

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

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

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₹263.95

prior close

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announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.8%-0.2% vs market

Other Electrical Equipment peers, median of 46sector-1.5%+0.4% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.4 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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

AI summary

Genus Power will acquire the remaining 86.49 percent stake in Newlectric Innovation Private Limited, a smart electricity meter maker, for Rs 25.23 crore in cash. NIPL will become a wholly owned subsidiary. NIPL turnover fell from Rs 64.24 crore in FY23 to Rs 10.92 crore in FY25. Deal to close in 30 days.

Likely market impact

Makes NIPL a wholly owned subsidiary to scale up smart meter manufacturing. Note that NIPL turnover has been declining sharply in recent years.