Announced Tue, 30 Jun · 19:07 IST
Race Eco Chain sells 0.99% stake in Prime Industries, loses associate status
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 sold 2,10,000 equity shares (0.99%) of associate Prime Industries for Rs 88.53 lakh on June 30, 2026. Post sale, Prime Industries, which contributed 53.58% of consolidated income (Rs 331.5 lakh) and 17.65% of net worth, ceased to be an associate. Transaction is a related party deal done at arms length.
Likely market impact
Loss of associate that contributed over half of consolidated income. Small stake sale of 0.99% ends the associate relationship. Modest cash inflow of about Rs 88.5 lakh.