Announced Wed, 17 Jun · 15:20 IST
Promoter group internal reorganization via amalgamation
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
-1.3%1-day move
₹238.00
prior close
₹234.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0———-1.3+0.3+0.0+0.4-0.9-3.8-3.4-4.3——
Up moveDown movePending
AI summary
Molisati Vinimay Pvt Ltd acquired 28,27,000 shares (24.80%) of Suraj Products from NIP Power Pvt Ltd through a Scheme of Amalgamation approved on January 15, 2026. Molisati's stake rose from 22.36% to 47.16%. Total promoter group holding stays at 47.16%. No change in control, no open offer required since both firms are part of the same promoter group.
Likely market impact
Internal promoter reshuffle with no change in aggregate promoter holding or control. Exempt from open offer. Molisati now sits near the 50% mark.