Stake in NDET diluted to 49.63%; NDET ceases to be step-down subsidiary

Ownership Changes View source PDF Explain this filing

M&M · price

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

-0.5%Reaction day

₹2920.90

prior close

₹2930.00

announcement price

After-mkt

timing

Nifty 100market-1.0%+0.5% vs market

Passenger Cars & Utility Vehicles peers, median of 6sector-1.9%+1.4% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty 100 and 1.4 pts more than its Passenger Cars & Utility Vehicles 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

-0.6

10m

-0.8

15m

-1.1

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5-1.0+0.5-1.9+1.4

Next day

-1.1-1.5+0.4-4.1+3.0

-1.9-2.1+0.1-4.9+3.0

-2.0-2.8+0.7-7.6+5.5

-2.1-2.1-0.1-6.3+4.2

-2.1-1.8-0.3-5.4+3.2

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15d

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UpDownMarket · Nifty 100Sector · Passenger Cars & Utility Vehicles peers, median of 6Pending

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

AI summary

Mahindra & Mahindra's stake in New Democratic Electoral Trust (NDET) fell from 72.07% to 49.63% after NDET allotted additional equity shares to its shareholders, including M&M and its subsidiaries. NDET has accordingly ceased to be a step-down subsidiary of M&M.

Likely market impact

NDET moves from subsidiary to associate; limited effect on earnings, no material business impact expected.