sale of SVGREEN Shares

Strategic Transactions View source PDF Explain this filing

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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

-4.8%Reaction day

₹33.25

prior close

₹31.64

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-5.2% vs market

Telecom - Services peers, median of 17sector · industry level+0.8%-5.6% vs sector

On the reaction day the stock moved 5.2 pts less than Nifty Microcap 250 and 5.6 pts less than its Telecom - 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

+3.1

10m

+2.7

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.8+0.3-5.2+0.8-5.6

Next day

-9.6+0.7-10.3+1.0-10.6

-14.1+1.0-15.1-0.2-13.9

-18.4+1.1-19.4+0.2-18.6

-22.4+0.8-23.2-0.3-22.1

-26.3+1.3-27.6-0.2-26.1

-26.4+1.7-28.2+1.4-27.8

15d

-17.5+1.5-19.0+1.1-18.6

-20.4+4.0-24.5+7.5-27.9

-25.8+1.8-27.6+1.2-27.0

-32.6-1.0-31.6-7.8-24.8

UpDownMarket · Nifty Microcap 250Sector · Telecom - Services peers, median of 17Pending

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

AI summary

Nettlinx Ltd's Board, on May 27, 2025, approved selling its entire stake in material subsidiary Sri Venkateswara Green Power Projects Ltd (SVGREEN) for a total consideration of about Rs. 8.40 crore. The sale covers 1.29 crore equity shares held jointly by Nettlinx (1.26 crore shares) and Nettlinx Realty (4.05 lakh shares), and will be bought by five unrelated parties including IRA Homes LLP and its affiliates. The Board framed this as an exit from non-core businesses to strengthen the balance sheet and enhance shareholder value. Share Purchase Agreement is targeted by July 31, 2025, with sale completion by August 31, 2025, subject to shareholder approval via postal ballot. SVGREEN contributed only 0.02% to consolidated revenue but 17.73% (Rs. 11.07 crore) to consolidated net worth as of March 31, 2025.

Likely market impact

The divestment removes a non-core asset from Nettlinx's books and brings in ~Rs. 8.40 crore of cash, but also removes a chunk of net worth (~17.7%) from the consolidated entity. Short-term stock reaction may be neutral-to-positive if investors view it as portfolio simplification, though the relatively small revenue contribution limits operational impact.