Swelect transfers ESG Green Energy shares to proposed captive power user

Strategic Transactions View source PDF Explain this filing

SWELECTES · price

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

+1.8%Reaction day

₹598.45

prior close

₹595.45

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+1.4% vs market

Heavy Electrical Equipment peers, median of 34sector+1.5%+0.3% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 0.3 pts more than its Heavy Electrical Equipment 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

-1.0

15m

-0.7

30m

-1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8+0.4+1.4+1.5+0.3

Next day

+2.7+2.1+0.6+4.1-1.3

-0.4pendingpending+3.5-3.9

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15d

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UpDownMarket · Nifty Microcap 250Sector · Heavy Electrical Equipment peers, median of 34Pending

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

AI summary

Swelect's Investment Committee approved an off-market transfer of 1,278,000 equity shares, each with a face value of Rs 10, in ESG Green Energy to Ramco Industries. Ramco is proposed as a captive power user of the subsidiary. ESG Green Energy will remain a Swelect subsidiary after the transfer.

Likely market impact

The transfer does not change Swelect's control of ESG Green Energy, which remains its subsidiary; no immediate change in Swelect's shareholding is indicated.