Announced Tue, 21 Jul · 18:57 IST
Board approves demerger to create two listed companies
Compliance View source PDF
ANANTRAJ · price
▲ 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
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 to demerge its data centre and cloud services business into Ashok Cloud Pvt Ltd, creating two focused listed entities. Anant Raj will continue in real estate and infrastructure; Ashok Cloud will focus on data centres, cloud services and AI infrastructure. Shareholders to get 1 Ashok Cloud share (face value Rs 2) for every 1 Anant Raj share held. Subject to NCLT, SEBI and shareholder approvals.
Likely market impact
Shareholders to receive 1 Ashok Cloud share per Anant Raj share held. Subject to NCLT and other approvals. May unlock value via separate valuation.