Isgec completes sale of 25% stake in JV Isgec SFW Boilers for Rs 4 crore

Strategic Transactions View source PDF Explain this filing

ISGEC · price

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

+0.7%Reaction day

₹918.00

prior close

₹918.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+1.0% vs market

Civil Construction peers, median of 98sector-0.6%+1.2% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 1.2 pts more than its Civil Construction 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

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+0.7-0.3+1.0-0.6+1.2

Next day

+0.6+0.8-0.2-0.5+1.0

+0.1+0.9-0.8-0.0+0.1

+1.1+1.8-0.7-0.2+1.3

+0.4+1.5-1.0-0.6+1.0

+0.8+1.7-0.9-1.4+2.2

-2.6-1.1-1.5-4.1+1.5

15d

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-13.0+6.4-19.3-9.1-3.9

-4.1+5.5-9.6-12.7+8.6

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 98Pending

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

AI summary

Isgec Heavy Engineering has completed the sale of 5 lakh equity shares (25% stake) in its JV Isgec SFW Boilers Pvt Ltd to partner Sumitomo SHI FW Energia Oy for Rs 4 crore. Isgec's holding drops from 51% to 26%. The JV ceases to be a subsidiary and becomes an associate company. The JV contributed just 0.18% of consolidated turnover and 0.29% of net worth in FY25, so the financial impact is small. The entity continues as a joint venture between the two partners.

Likely market impact

Minimal financial impact as JV contributed under 0.3% of consolidated numbers. No change to core operations. Loses subsidiary status, retains JV status.