RSWM to buy LNJ Greenpet for Rs 20.01 crore

Listed Co 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

+0.2%Reaction day

₹152.00

prior close

₹148.50

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-0.2% vs market

Other Textile Products peers, median of 174sector+0.0%+0.2% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.2 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 174Pending

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

AI summary

RSWM's board approved buying all 2,00,10,000 shares of LNJ Greenpet from Bhilwara Energy for Rs 20.01 crore in cash. The target is focused on food-grade bottle-to-bottle recycled PET resin, had nil turnover in FY2024-25, and will become a wholly owned subsidiary after approvals and procedures.

Likely market impact

The deal may diversify RSWM into green packaging inputs, but the target has nil turnover and no earnings contribution has been disclosed.