Anant Raj approves composite scheme to spin off Data Centre business

Demerger ratio announcedScheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

ANANTRAJ · price

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Price reactionminutes from the announcement price · days from the prior close

+1.2%Reaction day

₹608.00

prior close

₹620.00

announcement price

After-mkt

timing

Nifty Smallcap 250market-1.3%+2.5% vs market

Residential Commercial Projects peers, median of 66sector-1.3%+2.4% vs sector

On the reaction day the stock moved 2.5 pts more than Nifty Smallcap 250 and 2.4 pts more than its Residential Commercial Projects 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

-0.6

10m

+0.5

15m

+0.2

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.2-1.3+2.5-1.3+2.4

Next day

-3.5-2.5-1.0-2.6-0.9

-3.6-2.8-0.8-2.5-1.1

+1.7-1.5+3.3-1.1+2.8

+0.4-2.0+2.4-1.3+1.7

+0.8-0.7+1.5-1.5+2.4

+2.3-1.0+3.3-1.6+3.9

15d

+1.1+1.3-0.2-2.4+3.4

+1.0+1.5-0.5-0.7+1.7

+0.3+0.9-0.6-4.8+5.1

-22.5-6.9-15.7-12.6-9.9

UpDownMarket · Nifty Smallcap 250Sector · Residential Commercial Projects peers, median of 66Pending

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

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.