Announced Fri, 31 Jul · 13:37 IST
Final sale consideration for SASPL stake fixed at Rs 215 Cr
SETCO · 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
+1.7%1-day move
₹17.60
prior close
₹17.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+1.7+0.0+0.9+0.9+0.9-0.2-1.5+3.4——
Up moveDown movePending
AI summary
Setco Automotive has finalized the sale consideration for its stake in material subsidiary Setco Auto Systems (SASPL) at Rs 215 Cr, higher than the initial estimate of about Rs 185 Cr. Buyer RSB Transmissions paid Rs 207.6 Cr on closing and Rs 7.4 Cr on July 29 from the holdback, while Rs 2.6 Cr was adjusted for closing-level net debt and working capital differences. Deferred consideration remains pending under SPSA terms.
Likely market impact
Better-than-expected realization from subsidiary sale, boosting cash inflows, though deferred consideration still pending.