Announced Tue, 29 Sept, 2026 · 14:24 IST
Sharp Investments proposes share swap to acquire 100% of Rajal Lefin & Commercial
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
-6.1%1-day move
₹0.33
prior close
₹0.32
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-6.1-3.0+0.0-3.0+0.0—————
Up moveDown movePending
AI summary
Sharp Investments plans a preferential issue of up to 27,51,51,600 equity shares at Re 1 each to 7 non-promoter allottees via share swap, to acquire 45,85,860 shares (100%) of Rajal Lefin & Commercial Pvt Ltd. Allottees include Burnpur Power (8.43 crore shares), Wonderland Paper Suppliers, Pears Mercantiles, Multifold Plastic Marketing, Shreyans Embroidery Machine, Kwality Credit & Leasing, and Shree Nidhi Trading.
Likely market impact
Share count rises sharply, diluting their stake; gives company full ownership of RLCPL. Watch share-swap valuation and allotment price fairness.