Majestic Auto completes Rs 105 cr infusion into SHPL Resolution Plan

NCLT approved the resolutionRegulatory & Legal View source PDF Explain this filing

MAJESAUT · price

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

-0.5%Reaction day

₹354.95

prior close

₹357.45

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-1.0% vs market

Diversified Commercial Services peers, median of 80sector-0.4%-0.2% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.2 pts less than its Diversified Commercial Services 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

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10m

-1.8

15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-0.5+0.4-1.0-0.4-0.2

Next day

-0.3+0.9-1.2-0.7+0.4

+1.6+0.8+0.8-1.0+2.5

+5.6+0.6+5.0-0.5+6.1

+2.8+0.7+2.1-0.5+3.4

+0.7-2.6+3.3-3.0+3.7

+3.3-1.9+5.2-1.7+5.0

15d

+1.7-0.6+2.3-2.9+4.7

+3.4-1.0+4.5-6.6+10.0

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UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 80Pending

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

AI summary

Majestic Auto has completed the full Rs 105.43 crore infusion into Sharan Hospitality Pvt Ltd (SHPL) as the Successful Resolution Applicant. Funds include Rs 5 crore equity, Rs 71.15 crore NCDs, and Rs 29.28 crore Inter-Corporate Deposit. SHPL is now a wholly owned subsidiary. Securities will be transferred to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund per Securities Purchase Agreements.

Likely market impact

Makes SHPL a wholly owned subsidiary. Securities to be transferred later to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund.