Hindware Home Innovation to make Hintastica a wholly owned subsidiary

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

HINDWAREAP · price

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

-0.5%Reaction day

₹228.20

prior close

₹225.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-0.8% vs market

Consumer Durables peers, median of 189sector · industry level-0.6%+0.0% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and in line with its Consumer Durables 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

+0.3

10m

+0.3

15m

+0.3

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5+0.2-0.8-0.6+0.0

Next day

-1.0+1.1-2.1-0.2-0.8

-2.7+1.1-3.8-0.6-2.0

-5.9-0.9-5.0-1.9-4.0

-4.8+1.0-5.7-0.6-4.2

-4.5-0.5-4.0-1.7-2.8

+12.0+1.4+10.6-0.7+12.7

15d

+8.2+6.2+2.0+1.6+6.7

+10.0+7.1+2.9+0.4+9.5

-1.8+8.0-9.8+0.3-2.1

-18.2+11.2-29.5-0.5-17.7

UpDownMarket · Nifty Microcap 250Sector · Consumer Durables peers, median of 189Pending

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

AI summary

Hindware Home Innovation's board approved making Hintastica a wholly owned subsidiary. The company will invest up to INR 15 crore via rights issue and buy Atlantic's 5,48,787 shares for about INR 2.79 crore. Atlantic declined the rights issue and will exit. Post deal, the joint venture ends and Hintastica becomes a 100% subsidiary. Water heater business continues under the hindware brand. A INR 25 crore corporate guarantee was also extended.

Likely market impact

Full ownership of water heater business. Total cash outlay about INR 17.8 crore plus INR 25 crore guarantee. Marginally positive for strategic control.