Announced Mon, 20 Apr · 19:54 IST
Prima Plastics allots Prima Innovation shares to shareholders under scheme
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
-8.0%1-day move
₹117.00
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-8.0-12.4-15.4-20.2-16.2-12.0-12.4-4.7+15.0+5.1
Up moveDown movePending
AI summary
Prima Innovation Limited (PIL) has allotted 1,10,00,470 equity shares (face value INR 5 each) to shareholders of Prima Plastics Limited (PPL) as on the record date of April 17, 2026, under a Scheme of Arrangement. Entitlement ratio is 1 PIL share for every 1 PPL share held. PIL will apply to stock exchanges for listing of its equity shares, which will remain frozen until trading permission is granted.
Likely market impact
Eligible PPL shareholders receive PIL shares at 1:1 ratio. PIL will seek separate listing; allotted shares stay frozen until trading approval. Watch for listing date.