Announced Mon, 27 Apr · 18:00 IST
Board approves disposal of Cyprus subsidiary Raleal Holdings
Strategic Transactions View source PDF
JINDALSAW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-6.5%1-day move
₹245.50
prior close
₹231.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.8+2.2+2.4+4.1-6.5-8.6-5.6-4.9-1.2-0.8-10.6-1.3+6.3—
Up moveDown movePending
AI summary
Jindal Saw's board approved disposing of Raleal Holdings Limited, its 100% Cyprus subsidiary, either by sale or liquidation. The subsidiary had nil revenue and a negative net worth of Euro 9.76 million as of March 31, 2026. No buyer, consideration, or completion timeline has been decided yet. The transaction is not a related party deal.
Likely market impact
Minimal financial impact as subsidiary has no revenue and negative net worth; likely a clean-up move to shed a loss-making entity.