Hazoor Multi Projects: Subsidiary stake drops to 53.76 percent via private placement

Ownership Changes View source PDF Explain this filing

HAZOOR · price

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

-3.8%Reaction day

₹20.52

prior close

₹20.82

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-4.1% vs market

Residential, Commercial Projects peers, median of 63sector+0.0%-3.8% vs sector

On the reaction day the stock moved 4.1 pts less than Nifty Microcap 250 and 3.8 pts less than its Residential, Commercial Projects 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

+0.5

15m

+0.9

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.8+0.3-4.1+0.0-3.8

Next day

-3.8+0.6-4.4-0.3-3.5

-5.4-0.4-5.0-1.4-3.9

-7.5-0.9-6.6-0.4-7.1

-6.2-0.3-5.8-0.6-5.6

-6.9+0.3-7.2-0.9-6.0

-1.9+1.3-3.2-0.2-1.7

15d

-6.5-0.1-6.3-2.1-4.4

-8.6-1.2-7.4-3.3-5.3

-30.8-7.7-23.1-5.9-24.9

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UpDownMarket · Nifty Microcap 250Sector · Residential, Commercial Projects peers, median of 63Pending

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

AI summary

Subsidiary Square Port Shipyard (SPSPL) allotted 1,18,800 equity shares to Master Financial Services at about Rs 2,176 per share on a private placement basis. This diluted Hazoor Multi Projects' stake in SPSPL from 96.33 percent to 53.76 percent. HMPL's share count in SPSPL remains unchanged at 1,44,500 shares. SPSPL continues to be classified as a subsidiary of HMPL.

Likely market impact

Subsidiary raised capital from a new investor; HMPL lost near-total ownership but retains control. No direct change to HMPL's own shareholding.