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Shalimar Paints’ pre-deal rally puts Hella Infra Market share swap under scrutiny
Shalimar Paints faces possible NSE and Sebi scrutiny after an unusual 20% stock surge and heavy volumes preceded its ₹10,440 crore share-swap with Hella Infra Market. The transaction, offering Hella shareholders over 77%, requires 75% shareholder approval.
Reported figures
From the report. Source details below
| 20% share-price gain to ₹80.01 on | 3 August |
|---|---|
| ₹34.74 crore traded value on | 3 August |
| 4.52 million shares traded on | 3 August |
| 10 million shares traded on | 4 August |
Also in the report
- ₹5,000 crore planned Hella Infra Market IPO alternative
The source
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