Board approves sale of up to 1.10 lakh NSE shares at minimum Rs 1,800 per share
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 2.0 pts more than its Education peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved selling up to 1,10,000 equity shares of National Stock Exchange of India (NSE) at a price not below Rs 1,800 per share. At the floor price, the deal could be worth about Rs 19.80 crore. The sale will happen in phases during the current or next quarter, subject to regulatory approvals. Board also reviewed general business operations and expressed satisfaction. Financial impact will be disclosed after completion.
Potential cash inflow of around Rs 19.80 crore or more from NSE share sale; positive one-time liquidity event with no direct impact on operations.