Announced Mon, 6 Jul · 14:58 IST
Norfolk Resources acquires 73.72% in IDream Film Infrastructure via preferential allotment
Price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹604.40
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—————+2.9+0.8-1.2—-2.9+5.9———
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AI summary
Promoter group entity Norfolk Resources and its Persons Acting in Concert acquired 19,94,53,212 shares, taking 73.72% stake in IDream Film Infrastructure via preferential allotment on 2 July 2026. Norfolk Resources directly holds 10.75% while PACs hold 62.97%. The company issued new shares, expanding equity capital from 1,50,000 to 27,05,53,280 shares.
Likely market impact
Promoter group now owns 73.72%, gaining full control. Existing public shareholders are heavily diluted to about 26% of the expanded capital.