Announced Tue, 4 Aug · 23:40 IST
Nectar Lifesciences sells Jammu land and plant of idle unit Narbada for INR 11.22 Crore
NECLIFE · 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
-0.9%1-day move
₹10.55
prior close
₹10.53
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.0+1.6+1.6+1.6-0.9+0.3-0.5-0.5+2.4+5.2+18.1+15.0——
Up moveDown movePending
AI summary
Nectar Lifesciences sold leasehold rights in its Jammu land along with plant and machinery belonging to its wholly owned unit Narbada Industries to Shree Balaji Cold Chain and Storage Services. Total consideration is about INR 11.22 Crore (INR 9.60 Crore for land plus INR 1.62 Crore for plant, plus taxes). The unit was inoperative and non-core, contributing zero revenue and just 0.37 percent of net worth. The transaction completed on August 4, 2026 and is not a related party deal.
Likely market impact
Sale of idle non-core assets brings in about INR 11.22 Crore of cash with no revenue impact, marginally positive for net worth cleanup.