Remsons Industries Limited has informed the Exchange about revised valuation report

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

REMSONSIND · price

Loading chart…

▲ 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

+1.3%Reaction day

₹123.30

prior close

₹122.91

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+0.7% vs market

Auto Components & Equipments peers, median of 107sector+0.7%+0.6% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 0.6 pts more than its Auto Components & Equipments 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

-0.3

10m

+0.1

15m

+0.2

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.3+0.5+0.7+0.7+0.6

Next day

+0.7+0.2+0.5+0.1+0.6

-0.3-0.9+0.6-1.0+0.7

-5.3-1.2-4.1-1.8-3.5

-7.1-2.0-5.0-2.7-4.3

-0.2-1.9+1.6-2.1+1.9

+3.0-1.2+4.2-2.6+5.6

15d

-4.7-1.5-3.2-0.2-4.5

+2.6+0.0+2.6+0.2+2.4

+3.0-0.5+3.5+3.5-0.5

+20.0+1.3+18.7+4.1+15.9

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 107Pending

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

AI summary

Remsons Industries is acquiring a 51.01% stake in Astro Motors Private Limited by issuing 3,19,994 equity shares on a preferential basis to Astro Motors' existing promoters at Rs. 132 per share (including Rs. 130 premium) in exchange for 26,400 equity shares of Astro Motors. NSE had raised queries on the original valuation report, prompting a revised report from the registered valuer that changed the weights assigned to different valuation methods. As a result, the weighted average fair value of Remsons' equity shares moved up from Rs. 124.53 to Rs. 131.46 per share. The company confirmed the issue price remains unchanged at Rs. 132 per share, which is now very close to the revised fair value.

Likely market impact

The revised fair value (Rs. 131.46) is now nearly aligned with the issue price of Rs. 132, removing a key concern flagged by NSE and clearing a hurdle for the in-principle approval needed to complete the Astro Motors acquisition. This is a procedural update rather than a material change, and the deal terms for shareholders remain the same.