Announced Tue, 4 Aug · 23:41 IST
Nectar Lifesciences sells Jammu unit land and machinery for 11.22 Cr
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 has sold leasehold rights in land in Jammu and plant and machinery at its wholly owned unit Narbada Industries to M/s Shree Balaji Cold Chain and Storage Services for a total of 11.22 crore (9.60 crore for land, 1.62 crore for machinery plus taxes). The unit was inoperative and non-core, contributing zero revenue and only 0.37 percent of net worth. Transaction completed on August 4, 2026, and is not a related party deal.
Likely market impact
Minor divestment of non-core, inoperative assets. Cash inflow of 11.22 crore, no material impact on operations or revenue.