NCLT approves amalgamation of two United Foodbrands subsidiaries

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

UFBL · 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

-2.7%Reaction day

₹486.00

prior close

₹499.95

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-2.9% vs market

Restaurants peers, median of 11sector+1.1%-3.8% vs sector

On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250 and 3.8 pts less than its Restaurants 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

-3.5

10m

-3.8

15m

-3.9

30m

-3.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.7+0.2-2.9+1.1-3.8

Next day

-4.7+1.1-5.8+3.0-7.7

+4.1+1.1+3.0+1.7+2.4

+9.6-0.9+10.5+0.5+9.1

+13.4+1.0+12.4-0.1+13.5

+15.8-0.5+16.3-0.3+16.2

+23.4+1.4+22.0+0.8+22.5

15d

+49.8+6.2+43.6+6.9+42.9

+45.4+7.1+38.2+6.5+38.9

+44.4+8.0+36.5+6.6+37.8

+48.3+11.2+37.0+23.5+24.8

UpDownMarket · Nifty Microcap 250Sector · Restaurants peers, median of 11Pending

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

AI summary

United Foodbrands Limited informed that the NCLT Bengaluru Bench has approved the amalgamation of Blue Planet Foods Private Limited (Transferor) into Red Apple Kitchen Consultancy Private Limited (Transferee), both subsidiaries of the company. The scheme becomes effective from appointed date April 1, 2024, upon filing the certified order with the Registrar of Companies. Earlier intimated on July 29, 2024.

Likely market impact

Internal restructuring between subsidiaries; minimal direct impact on shareholders or stock price.