Announced Tue, 21 Jul · 18:39 IST
Board approves Composite Scheme; Data Centre business to be demerged into separate listed entity
ANANTRAJ · price
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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
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6+0.5+0.2+0.6-3.5-3.6+1.7———————
Up moveDown movePending
AI summary
Anant Raj board approved a Composite Scheme: merge wholly owned subsidiary Anant Raj Cloud (ARCPL) into ARL, then demerge the Data Centre business into another wholly owned subsidiary Ashok Cloud (ACPL). Share swap ratio 1:1 at INR 2 face value. ACPL to be listed on BSE and NSE. Post-scheme, ARL shareholders will hold 49 percent directly in ACPL and 51 percent indirectly through ARL (100 percent total economic interest). Subject to NCLT, SEBI and stock exchange approvals.
Likely market impact
Data Centre business will become a separate listed entity, giving investors direct exposure to this vertical alongside ARL's real estate business.