Announced Sat, 20 Jun · 16:31 IST
Sanstar EGM approves Rs 198 cr preferential issue to Ingredion group company
SANSTAR · 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
+3.1%1-day move
₹117.00
prior close
₹116.07
base price
After-mkt
timing
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+2.2+2.3+2.5+2.2+3.1+8.3+6.0+3.1+3.9+2.1-4.9-9.4——
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AI summary
Sanstar EGM on June 20, 2026 approved a preferential issue of 1.80 crore equity shares to Corn Products Development Inc, an Ingredion group company, worth about Rs 198.27 crore. The investor will hold about 9 percent of post-issue capital with no change in management. Proceeds are for working capital and general corporate purposes. Investor gets director nomination, pre-emptive and affirmative voting rights. All five resolutions passed.
Likely market impact
Strategic global investor entry; about 9 percent dilution; no change in management control. Positive for long-term growth.