Mehai Tech to acquire 100% of Hi-Tech Services for Rs 4.5 cr

Listed-company acquisitionStrategic Transactions View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.0%Reaction day

₹1.11

prior close

₹1.13

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-0.7% vs market

Trading & Distributors peers, median of 137sector+0.0%+0.0% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and in line with its Trading & Distributors 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

+1.8

10m

+1.8

15m

+1.8

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0+0.7-0.7+0.0+0.0

Next day

+1.8-1.0+2.8+0.0+1.8

-4.5-0.3-4.3-0.1-4.4

-3.6-1.9-1.7-1.1-2.5

-6.3-4.5-1.8-2.0-4.3

-3.6-5.5+1.9-2.4-1.2

-8.1-7.3-0.8-3.4-4.7

15d

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UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 137Pending

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

AI summary

Mehai Technology has signed a Share Purchase Agreement to buy 100% of Hi-Tech Services Private Limited for Rs 4.5 crore in cash. Hi-Tech Services operates in IT and data processing but reported NIL turnover for the last three financial years. The deal is not a related party transaction. The acquisition is aimed at business expansion into data processing and IT-enabled services.

Likely market impact

Buying 100% of a company with zero revenue at Rs 4.5 cr cash may raise questions on value. Watch for completion and future earnings impact.