Shriram Finance denies MUFG stake news

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SHRIRAMFIN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹948.90

prior close

₹948.90

announcement price

After-mkt

timing

Nifty 100market+1.3%-1.8% vs market

Non Banking Financial Company (NBFC) peers, median of 212sector-0.2%-0.3% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty 100 and 0.3 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.8

10m

-0.4

15m

-0.5

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5+1.3-1.8-0.2-0.3

Next day

-0.9+1.9-2.8-0.2-0.7

-2.4+0.9-3.2-0.8-1.6

-4.6+0.3-4.9-2.7-1.9

-5.1-0.2-4.8-2.6-2.4

-8.8-0.9-7.9-4.7-4.1

-13.2+0.0-13.2-4.4-8.8

15d

—————

UpDownMarket · Nifty 100Sector · Non Banking Financial Company (NBFC) peers, median of 212Pending

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

AI summary

Shriram Finance has denied a Mint news report claiming MUFG is keen on taking majority control of the company. The company called the report speculative, along with similar reports in other media outlets. It said the recent share price movement on BSE and NSE on Oct 13 and Oct 14 is purely market driven and management has no control or knowledge of the reasons behind it. Shareholders are advised to disregard the misleading information.

Likely market impact

Short-term volatility possible as speculation is denied; investors should wait for any official MUFG or company confirmation before reacting.