RSWM sets up Rs 186.30 cr Denim Garment JV with NDS9

Marquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

RSWM · 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

-4.7%Reaction day

₹224.00

prior close

₹216.01

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-5.1% vs market

Other Textile Products peers, median of 183sector+0.0%-4.7% vs sector

On the reaction day the stock moved 5.1 pts less than Nifty Microcap 250 and 4.7 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

-1.2

10m

-0.5

15m

-1.2

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.7+0.4-5.1+0.0-4.7

Next day

-6.3+0.4-6.6-0.2-6.0

-8.1+0.3-8.5-0.2-7.9

-7.7+0.2-7.8-0.5-7.1

-8.0+0.5-8.6-0.7-7.3

-9.8+0.7-10.5-0.6-9.2

-12.9+0.9-13.8-0.9-12.0

15d

-12.0+1.6-13.7-1.0-11.0

-2.9+2.4-5.3-0.5-2.4

-7.6+1.1-8.7-4.2-3.4

—————

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 183Pending

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

AI summary

RSWM board approved setting up a Denim Garment facility through JV with NDS9 Private Limited. New entity LNJ NDS9 Global Private Limited will be incorporated as an RSWM subsidiary. Project cost about Rs 186.30 crores, funded 30 percent via equity and 70 percent via term loans. RSWM will lead manufacturing and operations while NDS9 handles design and marketing. Move aims to offer complete denim package to domestic and international garment brands.

Likely market impact

Forward integration into garments strengthens value chain, positive for long-term revenue but adds debt and execution risk.