Announced Tue, 8 Sept, 2026 · 19:25 IST
Board approves slump sale of Sugar, Distillery and Cogen units at Baheri for Rs 431 cr
Price
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Price reaction · full curve 14 horizons · vs prior close
+10.2%1-day move
₹9.42
prior close
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base price
After-mkt
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————+10.2+15.6+21.3+27.4+29.9+35.0+34.7———
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AI summary
Kesar Enterprises board approved selling its Sugar, Distillery and Cogen divisions at Baheri, UP as a going concern via slump sale to Avadh Foods and Multi Warehouse Pvt Ltd for Rs 431 cr. The Baheri unit contributes 100 percent of revenue (Rs 304.50 cr) with net worth of minus Rs 133.24 cr. Buyer is unrelated third party incorporated March 2026. Needs shareholder approval, closing by 15 June 2027.
Likely market impact
Company is selling its entire operating business for Rs 431 cr. Shareholder approval required; net cash inflow depends on liability deductions.