Announced Sat, 20 Jun · 12:27 IST
Sanstar EGM okays 198 crore preferential issue to Ingredion group firm
Board & Shareholder Meetings View source PDF
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
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.2+2.3+2.5+2.2+3.1+8.3+6.0+3.1+3.9+2.1-4.9-9.4——
Up moveDown movePending
AI summary
Sanstar held EGM on June 20, 2026 via video conferencing. Key item: preferential issue of 1.80 crore equity shares to Corn Products Development Inc (Ingredion group) for about Rs 198.27 crore. Investor to hold around 9% post-issue. No change in management or control. Proceeds for working capital and general purposes. Five resolutions tabled covering share capital hike, preferential allotment, special rights under Reg 31B, amended AOA, and MOA object clause change. Voting results to be declared separately.
Likely market impact
Strategic investment from global Ingredion group signals confidence; no control change. Await voting results.