1. Divestment of Shareholding in Subsidiary Companies The Board considered and approved the proposal for divestment of the Company's shareholding in its subsidiary companies, namely: ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.8 pts more than Nifty Microcap 250 and 5.8 pts more than its Software Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors of Nihar Info Global Ltd considered and approved a proposal to divest the company's shareholding in its subsidiary companies. The full filing details — including which subsidiaries are being divested, the consideration involved, and the rationale — were not accessible as the BSE page returned an error. Based on the headline alone, this is a restructuring move where the parent company is exiting or reducing its stake in one or more subsidiaries.
For shareholders, this could mean the company is streamlining operations, raising cash, or exiting non-core businesses. Positive if proceeds strengthen the balance sheet; negative if the subsidiaries being divested were profitable contributors. Investors should wait for the full filing to assess the deal value and strategic rationale.