Announced Tue, 11 Aug · 17:02 IST
Le Merite Exports cancels proposed acquisition of 14.5% stake in LMTDSPL
LEMERITE · 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
-0.5%1-day move
₹23.32
prior close
₹23.71
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.3-0.9-1.2—-0.5+0.3-0.2-0.7+1.6-2.9————
Up moveDown movePending
AI summary
Le Merite Exports had approved acquiring an additional 14.5% stake (14,500 shares) in Le Merite Tactical & Defence Solutions Pvt Ltd from Mr. Nand Nandan Sureka for up to Rs 1.45 lakh on June 23, 2026. The seller has now expressed unwillingness to proceed, so the acquisition stands cancelled. No change in the existing shareholding in LMTDSPL will take place.
Likely market impact
Deal falling through means no change in subsidiary stake; deal size was very small, so limited financial impact for shareholders.