Stake in subsidiary Jineshvar Securities diluted from 99.98% to 52.62%

Strategic Transactions View source PDF Explain this filing

Price

Loading chart…

▲ 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

-1.3%Reaction day

₹38.50

prior close

₹38.43

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-2.3% vs market

Internet & Catalogue Retail peers, median of 7sector-1.0%-0.3% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 0.3 pts less than its Internet & Catalogue Retail 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

-0.2

15m

-0.2

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.3+1.0-2.3-1.0-0.3

Next day

-2.6+0.8-3.4-1.8-0.8

-4.1-0.5-3.6-4.0-0.1

-7.8-0.5-7.3-1.4-6.3

-7.5+0.8-8.3-1.4-6.1

-2.8+0.5-3.3-1.1-1.6

+7.2-2.0+9.2-3.0+10.3

15d

-2.6-6.4+3.8-2.9+0.3

-7.8-5.9-1.9-6.5-1.3

—————

UpDownMarket · Nifty Microcap 250Sector · Internet & Catalogue Retail peers, median of 7Pending

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

AI summary

Arix Energix (formerly Jupiter Infomedia) said subsidiary Jineshvar Securities got RBI approval to allot 11.25 lakh fresh equity shares of Rs 10 each to Mr. Anshuk Laxkar. This dilutes Arix stake from 99.98% to 52.62%, and the unit will cease to be wholly-owned.

Likely market impact

Parent retains majority at 52.62 percent so consolidation continues, but unit is no longer wholly-owned which may slightly reduce profit share.