Sold entire 17.92% stake in Credo Advanced Chemicals for about Rs 37.63 cr

Strategic Transactions View source PDF Explain this filing

GUJAPOLLO · price

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

-2.0%Reaction day

₹349.50

prior close

₹349.45

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-1.8% vs market

Industrial Products peers, median of 131sector-0.0%-2.0% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 2.0 pts less than its Industrial Products 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

+0.4

10m

-1.7

15m

-1.7

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0-0.2-1.8-0.0-2.0

Next day

-6.1-3.0-3.1-2.8-3.4

-6.1-2.7-3.3-2.2-3.9

-2.7-1.9-0.8-2.0-0.7

-4.4-1.7-2.7-1.3-3.2

-4.2-1.0-3.2-1.2-3.0

-2.1-2.0-0.1-2.9+0.9

15d

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 131Pending

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

AI summary

Gujarat Apollo Industries has completed the sale of its entire 17.92% stake, equal to 1,34,40,000 equity shares, in Credo Advanced Chemicals Limited, an unlisted company, for an aggregate consideration of about Rs 37.63 crores. The deal, which was approved by the board on September 3, 2026 and by shareholders through a special resolution, was advised by Deloitte. The company now holds no shares in Credo Advanced Chemicals.

Likely market impact

Brings in about Rs 37.63 cr of cash and exits exposure to an unlisted chemicals business. Likely modest financial impact given the small stake size.