NCLT reserves order on India Glycols demerger scheme

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

INDIAGLYCO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.3%Reaction day

₹1078.95

prior close

₹1095.00

announcement price

After-mkt

timing

Nifty Microcap 250market+0.2%+0.1% vs market

Breweries & Distilleries peers, median of 25sector+0.3%-0.1% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.1 pts less than its Breweries & Distilleries 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

-0.2

10m

-0.3

15m

-1.1

30m

-1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+0.2+0.1+0.3-0.1

Next day

-1.1-0.5-0.6-0.1-1.0

-3.7-2.5-1.2-1.6-2.0

-2.1-0.6-1.4-0.7-1.4

-1.2+0.7-1.9-1.0-0.2

+0.7+0.9-0.2-0.7+1.3

+5.7+0.5+5.2-1.9+7.6

15d

+9.7-0.2+10.0-2.1+11.9

+6.5+2.9+3.7+1.4+5.1

-74.7+5.0-79.6-1.8-72.9

-70.4+3.7-74.1-7.9-62.5

UpDownMarket · Nifty Microcap 250Sector · Breweries & Distilleries peers, median of 25Pending

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

AI summary

India Glycols informed exchanges that the NCLT Allahabad Bench has reserved its order on the company's Scheme of Arrangement and Demerger. The scheme demerges India Glycols into Ennature Bio Pharma and IGL Spirits Limited. This was the second motion hearing. A minor income tax demand of about Rs 27,890 was discussed but not seen as a blocker. Final order is now awaited.

Likely market impact

NCLT order reserved, approval may follow soon. If sanctioned, shareholders may receive shares in the two resulting companies.