Announced Wed, 17 Jun · 17:44 IST
Merger agreement signed to absorb SKF Elixer India
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
+10.1%1-day move
₹9.12
prior close
₹9.57
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+10.1+15.6+17.9+17.3+15.0+10.6+4.1+16.8——
Up moveDown movePending
AI summary
Smiths & Founders (India) has signed a merger agreement to merge SKF Elixer India Private Limited into itself. SKF Elixer is significantly larger with a turnover of Rs 235.45 crore versus Smiths & Founders' Rs 13.98 crore. The merger is in the engineering and capital goods sector, aimed at growth and diversification. Not a related party transaction. Share exchange ratio is yet to be disclosed.
Likely market impact
Major scale-up: SKF Elixer's turnover is many times larger than the company's. Share ratio and NCLT process still pending.