RSWM acquires 100% stake in LNJ Greenpet, makes it wholly owned unit

Listed-company acquisitionStrategic Transactions View source PDF Explain this filing

RSWM · price

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Price reactionminutes from the announcement price · days from the prior close

+0.6%Reaction day

₹132.20

prior close

₹132.77

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.6%-0.9% vs market

Other Textile Products peers, median of 173sector+1.8%-1.1% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 1.1 pts less than its Other Textile Products 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

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6+1.6-0.9+1.8-1.1

Next day

-1.6-0.6-1.0+0.9-2.5

-1.7-0.5-1.2+0.0-1.7

+2.5+1.5+1.0+1.2+1.4

+2.1+1.1+1.0+1.1+1.0

+5.9+3.0+2.9+1.7+4.2

+14.2+5.5+8.7+5.2+9.0

15d

+23.3+6.1+17.2+6.7+16.6

+15.2+5.1+10.1+4.4+10.8

-3.2-8.0+4.8-7.4+4.2

+21.4+10.9+10.4+5.1+16.2

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 173Pending

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

AI summary

RSWM Limited has acquired 2,00,10,000 equity shares of face value about Rs 10 each, making up 100% of paid-up capital of LNJ Greenpet Private Limited, through a Share Purchase Agreement. With this, LNJ Greenpet has become a wholly owned subsidiary of RSWM with immediate effect.

Likely market impact

LNJ Greenpet now a wholly owned subsidiary; likely to consolidate revenues and expand RSWM's business portfolio going forward.