Announced Thu, 25 Jun · 22:18 IST
BSE returns draft amalgamation scheme with Emazing Deals over shareholding norm
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
-0.4%1-day move
₹5.20
prior close
₹4.94
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
——+0.0+0.0-0.4+4.4+9.6+15.0+20.6+25.2+22.5———
Up moveDown movePending
AI summary
Kaiser Corporation said BSE has returned its draft scheme of amalgamation with unlisted Emazing Deals Limited, citing non-compliance with a SEBI rule requiring post-scheme public shareholder and QIB holding to be at least 25 percent on a fully diluted basis. The company has 90 days to refile without paying processing fees and is examining BSE observations with its advisors.
Likely market impact
The deal is delayed and may not proceed in its current form, creating uncertainty for Kaiser shareholders until the shareholding issue is resolved.