Announced Tue, 30 Jun · 19:02 IST
Associate Prime Industries sells 0.99% stake
Ownership Changes View source PDF
RACE · 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
+2.0%1-day move
₹111.49
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+2.0+0.7+2.3+1.4-0.4+0.5-0.5———
Up moveDown movePending
AI summary
Race Eco Chain has informed BSE that its associate company, Prime Industries Limited, has sold a 0.99 percent stake. The filing does not clarify whether Prime Industries sold its holding in Race Eco Chain or the other way around, nor does it mention the price or buyer. At just under 1 percent of equity, the impact on the overall shareholding pattern is limited.
Likely market impact
Minimal near-term impact as the stake change is below 1 percent. Investors should watch for further transactions by associate or promoter group entities.