Gravita India subsidiary RMIL to raise Rs 94.81 Cr via rights issue

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

-2.8%Reaction day

₹1455.50

prior close

₹1442.30

announcement price

After-mkt

timing

Nifty Smallcap 250market-1.2%-1.6% vs market

Industrial Minerals peers, median of 13sector-2.6%-0.2% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Smallcap 250 and 0.2 pts less than its Industrial Minerals 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

Stock

-1.0

10m

-1.5

15m

-1.3

30m

-1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.8-1.2-1.6-2.6-0.2

Next day

-1.9-0.8-1.1-3.2+1.3

+3.1+0.6+2.5-0.4+3.5

+2.9+0.7+2.2-1.5+4.4

+2.0-1.7+3.7-4.3+6.3

+0.9-1.3+2.1-2.2+3.1

+2.8+0.2+2.6-2.3+5.2

15d

-10.2-6.9-3.3-9.7-0.5

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UpDownMarket · Nifty Smallcap 250Sector · Industrial Minerals peers, median of 13Pending

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

AI summary

Gravita India's material subsidiary Rashtriya Metal Industries (RMIL) plans to raise about Rs 94.81 Crores through a rights issue of equity shares to support strategic initiatives. The board of RMIL approved the capital raise. Issue price and record date details are not disclosed in this filing.

Likely market impact

Capital raise at subsidiary level to fund RMIL growth; existing RMIL shareholders may face dilution if they do not subscribe to the rights issue.