Board approves Composite Scheme; Data Centre business to be demerged into separate listed entity

Demerger Ratio AnnouncedNclt Scheme FiledStrategic Transactions View source PDF Explain this filing

ANANTRAJ · price

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

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 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.