Indirect change in promoter holding via testamentary transmission; ICIL stake unchanged

Ownership Changes View source PDF Explain this filing

ICIL · 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

+3.6%Reaction day

₹448.80

prior close

₹466.85

announcement price

In-mkt

timing

Nifty Microcap 250market+0.7%+2.9% vs market

Other Textile Products peers, median of 189sector+0.8%+2.8% vs sector

On the reaction day the stock moved 2.9 pts more than Nifty Microcap 250 and 2.8 pts more than its Other Textile Products 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

-0.1

10m

-0.2

15m

-0.2

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.6+0.7+2.9+0.8+2.8

Next day

-2.6-1.0-1.7+0.0-2.6

-1.8-0.3-1.6+0.0-1.8

-6.1-1.9-4.2-0.6-5.5

-8.4-4.5-3.9-2.7-5.7

-9.7-5.5-4.3-3.1-6.6

-9.1-7.3-1.8-5.2-3.8

15d

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 189Pending

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

AI summary

Lhochhar Trust acquired shares in promoter Sandridge Investments Ltd's holding company via testamentary transmission. Sandridge holds 6,20,02,455 shares (31.31 percent) of Indo Count Industries. No direct transfer of ICIL shares occurred. Sandridge's stake remains 31.31 percent pre and post transaction. Exemption claimed under Regulation 10(1)(g) of Takeover Regulations.

Likely market impact

No change in target company shareholding. Indirect change at promoter holding company level due to inheritance. Exempted from open offer.