Announced Tue, 21 Jul · 18:42 IST

Anant Raj approves composite scheme to spin off Data Centre business

Demerger Ratio AnnouncedNclt Scheme FiledStrategic Transactions View source PDF

ANANTRAJ · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-3.5%1-day move

₹608.00

prior close

₹620.00

base price

After-mkt

timing

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-0.6+0.5+0.2+0.6-3.5-3.6+1.7———————

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AI summary

Anant Raj Ltd board approved a composite scheme: first, merger of wholly-owned subsidiary Anant Raj Cloud into ARL, then demerger of the Data Centre Business from ARL into Ashok Cloud Pvt Ltd. Demerger ratio is 1 share of ACPL for every 1 share of ARL. Demerged undertaking turnover is Rs 145.90 Cr (around 8.96 percent of total). Post-scheme, ARL will focus on real estate while Ashok Cloud becomes a separately listed data centre entity. Subject to NCLT, SEBI, BSE, NSE approvals.

Likely market impact

Separates data centre business into a separate listed entity for independent valuation. ARL shareholders get Ashok Cloud shares. Subject to approvals.