Lhochhar Trust acquires Sandridge; Indo Count promoter holding unchanged at 31.31%

Creeping Acquisition Near ThresholdOwnership Changes View source PDF Explain this filing

ICIL · price

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

+3.6%Reaction day

₹448.80

prior close

₹467.60

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

-0.4

10m

-0.5

15m

-0.2

30m

-0.5

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 (Zurich) has acquired the shares of Sandridge Investments Ltd, the holding company that owns 6.20 crore shares (31.31%) of Indo Count Industries as a promoter. The Trust now indirectly holds voting rights over the same 31.31% stake through transmission. No equity shares of Indo Count were directly transferred. Sandridge's promoter stake remains unchanged at 31.31%. Lhochhar Trust is not part of the promoter group.

Likely market impact

Internal restructuring at the promoter holding entity level; effective promoter stake in Indo Count unchanged at 31.31%.