Announced Tue, 8 Sept, 2026 · 19:53 IST
HMVL converts OCDs into 2.48 percent equity stake in StockGro for Rs 85 Cr
HMVL · price
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Price reaction · full curve 14 horizons · vs prior close
-4.1%1-day move
₹82.00
prior close
₹82.30
base price
After-mkt
timing
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AI summary
Hindustan Media Ventures (HMVL) converted 8,708 Optionally Convertible Debentures held in Assetgro Fintech (StockGro) into 16,02,011 equity shares, valued at Rs 85 Crore, representing 2.48 percent of StockGro equity capital. StockGro, a fintech platform, reported FY26 turnover of Rs 231 Crore, up from Rs 126 Crore in FY25 and Rs 99 Crore in FY24. HMVL stated the move aims at future capital returns and leveraging its media assets. Not a related party transaction.
Likely market impact
Boosts HMVL fintech exposure; reflects confidence in StockGro as FY26 revenue nearly doubled year on year to Rs 231 Crore.