Agreement to acquire shares of other entity

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

TIMKEN · 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

-0.4%Reaction day

₹3033.50

prior close

₹3054.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.5%+0.1% vs market

Abrasives & Bearings peers, median of 5sector-1.2%+0.8% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Smallcap 250 and 0.8 pts more than its Abrasives & Bearings 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

-0.7

10m

-0.5

15m

-0.6

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4-0.5+0.1-1.2+0.8

Next day

-0.9-1.1+0.2-2.3+1.4

-0.4-1.7+1.3-3.0+2.5

-1.8-3.8+2.1-5.6+3.9

-1.6-3.9+2.3-5.5+3.9

-0.8-3.8+3.0-3.7+2.9

+1.4-1.9+3.3-3.5+4.8

15d

-3.7-1.7-2.0-5.1+1.5

-1.4-0.6-0.9-4.4+2.9

+1.9-4.2+6.1-13.5+15.4

+1.0-4.1+5.1-10.4+11.4

UpDownMarket · Nifty Smallcap 250Sector · Abrasives & Bearings peers, median of 5Pending

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

AI summary

Timken India has signed an agreement to buy a 26.1% stake (7,00,002 shares at Rs 10 each, totalling Rs 70 lakh) in Sunstreamgreen Energy C&I Three Private Limited, a newly incorporated (14 July 2025) renewable energy company focused on solar power generation. The acquisition is a regulatory requirement to qualify as a 'Group Captive' under a Power Purchase Agreement (PPA) for sourcing solar power for Timken's operations. The deal is not a related-party transaction, requires no government approvals, and is expected to close on or before December 2025.

Likely market impact

This is a small, strategic investment (Rs 70 lakh) to enable long-term captive solar power procurement, supporting Timken India's renewable energy adoption and potentially reducing future power costs. The financial impact on shareholders is minimal, but it signals progress on sustainability initiatives.