Promoters sign LOI to sell 33.52% stake to Cateye Consultancy

Listed-company acquisitionOpen offer triggeredStrategic Transactions View source PDF Explain this filing

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

-5.3%Reaction day

₹5.30

prior close

₹5.28

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-5.4% vs market

Housing Finance Company peers, median of 17sector-0.8%-4.5% vs sector

On the reaction day the stock moved 5.4 pts less than Nifty Microcap 250 and 4.5 pts less than its Housing Finance Company 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

-0.2

10m

-0.4

15m

-0.4

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.3+0.1-5.4-0.8-4.5

Next day

-2.3+0.2-2.5-1.3-1.0

-0.6+0.6-1.1-1.3+0.7

-2.3-0.0-2.3-2.4+0.1

-0.9+0.5-1.5+0.2-1.1

-2.3+0.8-3.0-0.6-1.7

-5.3+0.6-5.9-2.2-3.1

15d

-3.0+1.3-4.3-0.8-2.2

-12.5-1.4-11.1-4.5-7.9

-22.1-0.6-21.5-8.0-14.1

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UpDownMarket · Nifty Microcap 250Sector · Housing Finance Company peers, median of 17Pending

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

AI summary

Promoters and promoter group shareholders of Star Housing Finance have signed a non-binding Letter of Intent with Cateye Consultancy Services to sell about 2.64 crore equity shares, equal to 33.52% of paid-up capital. Price is yet to be negotiated. The deal needs SEBI Takeover Regulations compliance, which will likely trigger an open offer. RBI approval is also required since the firm is a housing finance company. The LOI is preliminary and the company itself is not a party. No certainty the deal will close.

Likely market impact

Likely open offer trigger if deal closes. RBI approval and price still pending. Change of control possible, but deal is uncertain.