Standard Glass Lining Technology Limited has informed the Exchange about Execution of Share Purchase Agreement with C2C Engineering Private Limited and its Shareholders

Listed-company acquisitionStrategic Transactions View source PDF Explain this filing

SETL · price

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

-0.7%Reaction day

₹168.12

prior close

₹168.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-1.3% vs market

Industrial Products peers, median of 116sector-0.1%-0.6% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 0.6 pts less than its Industrial Products 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

+0.3

10m

+0.8

15m

+0.8

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7+0.6-1.3-0.1-0.6

Next day

-1.9-0.2-1.6-1.7-0.2

-0.3-0.4+0.1-1.3+1.0

-1.9-0.7-1.2-2.2+0.2

-3.7-2.2-1.5-3.5-0.2

-5.1-2.8-2.3-4.5-0.6

-4.1-1.4-2.7-3.6-0.5

15d

-9.9-7.0-2.9-8.3-1.5

-9.8-6.1-3.7-6.9-2.9

-19.9-9.2-10.6-13.8-6.0

-22.4-6.8-15.5-15.3-7.0

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 116Pending

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

AI summary

Standard Engineering Technology Limited has executed a Share Purchase Agreement (SPA) with C2C Engineering Private Limited and its shareholders to acquire the company. The deal involves purchasing shares from existing shareholders of C2C Engineering, making it a subsidiary acquisition. The financial terms, deal value, and consideration details are not disclosed in this filing. C2C Engineering is a private limited company, and this move appears to be a strategic expansion by Standard Engineering Technology's group.

Likely market impact

This acquisition could expand the company's business portfolio and revenue base, which is generally positive for shareholders. Investors should watch for further disclosures on deal valuation, synergy benefits, and any open offer obligations to minority shareholders of the listed entity.