Subsidiary Sun Drops Energia acquires 88.37 percent stake in DMGEL

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

KPIGREEN · price

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

-1.5%Reaction day

₹319.85

prior close

₹324.75

announcement price

After-mkt

timing

Nifty Microcap 250market-1.7%+0.1% vs market

Power Generation peers, median of 28sector-1.4%-0.1% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.1 pts less than its Power Generation 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

-1.5

10m

-2.2

15m

-2.8

30m

-2.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5-1.7+0.1-1.4-0.1

Next day

-6.5-4.2-2.3-5.3-1.2

-7.5-5.2-2.3-6.3-1.2

-9.7-7.4-2.3-9.0-0.7

-11.1-7.0-4.1-7.9-3.2

-10.6pendingpending-4.5-6.1

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15d

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UpDownMarket · Nifty Microcap 250Sector · Power Generation peers, median of 28Pending

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

AI summary

Sun Drops Energia Limited (SDEL), a material subsidiary of KPI Green Energy, acquired additional 43,49,560 equity shares of DEK and Mavericks Green Energy Limited (DMGEL). SDEL now holds 1,50,97,320 shares, representing 88.37 percent of DMGEL paid-up equity capital. The deal targets up to 100 percent acquisition.

Likely market impact

Strengthens KPI Green renewable energy portfolio through subsidiary's increased stake in DMGEL.