Announced Thu, 10 Sept · 12:27 IST
Ice Make allots shares at INR 802.51 to Galilei; sets up JV
ICEMAKE · 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
+1.0%1-day move
₹723.00
prior close
₹723.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.4+1.6+1.7+1.6+1.0-4.4-6.8-7.3-5.1—————
Up moveDown movePending
AI summary
Board allotted 23,67,573 equity shares at INR 802.51 each (premium of INR 792.51) via preferential issue to non-promoters: Japanese firm Galilei Holdings (12.36% stake) and two individuals Bhumi Patel and Shweta Patel (0.34% each). Also approved subscribing 3.53 crore shares in new JV Ice Make Horeca Pvt Ltd for INR 35.27 crore, giving Ice Make a 40% stake with Galilei holding 60%.
Likely market impact
Equity dilution from preferential issue. Strategic Japan partnership via JV should support growth in commercial refrigeration. Watch for further JV progress.