Acquisition / mergerNotableFiled on BSE ·

Anant Raj Limited approves strategic demerger to form two independent listed companies

Anant Raj · Realty

Arthneeti Research DeskPublished 1 min read

Key highlights

  • Anant Raj Limited will focus on real estate and infrastructure; Ashok Cloud Private Limited will handle data centre and cloud services.
  • Eligible Anant Raj shareholders will receive one fully paid equity share in Ashok Cloud for every share held in Anant Raj.
  • The scheme awaits approvals from NCLT, SEBI, stock exchanges, shareholders, creditors, and other authorities.

Why it's rated notable: A board-approved demerger of the data centre and cloud business into Ashok Cloud Private Limited is not binding until NCLT, SEBI, shareholder and creditor approvals are received, and the filing states no value for the business transferred, so the level is medium.

Original filing

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.