Announced Fri, 21 Aug, 2026 · 17:10 IST
Board approves 60% acquisition of Fidus Parkland via share swap
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
+5.3%1-day move
₹43.70
prior close
₹41.55
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.1+1.1+4.7+10.2+5.3+8.7+5.4+9.4+9.4+0.0+3.0-3.9——
Up moveDown movePending
AI summary
Board approved acquiring 60% stake in Fidus Parkland Pvt Ltd for about Rs 49.80 Crores (based on Rs 83 Cr valuation). Deal is through share swap, ratio to be decided later. Not a related party transaction, no regulatory approvals needed. Target is in real estate, letting Milgrey diversify from finance. Completion targeted by 31 March 2027.
Likely market impact
EPS-dilutive due to share swap, but adds real estate diversification. Swap ratio remains the key swing factor for shareholders.