Announced Thu, 25 Jun · 19:36 IST
Haldyn Glass to acquire additional stake in Jamnagar Renewables Two for Rs 1.44 Cr
HALDYNGL · price
▲ 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
-4.9%1-day move
₹120.90
prior close
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base price
After-mkt
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————-4.9-1.9-2.4-0.7+3.3-0.2-1.8———
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AI summary
Haldyn Glass will buy 14,40,817 equity shares (face value Rs 10) in Jamnagar Renewables Two Pvt Ltd for Rs 1.44 Cr in cash. The target generates electricity from renewable energy sources and is a subsidiary of Continuum Green Energy. The acquisition is for captive power procurement under a Power Consumption Agreement. Not a related party transaction. Expected to close by end of June 2026.
Likely market impact
Small Rs 1.44 Cr investment aimed at captive renewable power needs. Likely neutral on stock, with potential long-term benefit on energy costs.