Announced Fri, 21 Aug · 15:11 IST
Rishabh Instruments clarifies on promoter stake sale rumours, no material info to disclose
RISHABH · 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
—1-day move
₹685.85
prior close
₹672.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.7-1.1———————————
Up moveDown movePending
AI summary
Company responded to a CNBC-TV18 news report about promoters being in talks to sell a controlling interest of about 70 percent stake, with suitors including a German entity and seeking a valuation of over Rs 3,000 crore. Company stated that at this stage, there is no material event or information requiring disclosure under SEBI LODR Regulation 30.
Likely market impact
Major stake sale rumour at high valuation remains unconfirmed. Stock may stay volatile till promoters or suitors make an official announcement.