Announced Fri, 9 Oct, 2026 · 18:34 IST
Demerger update: Tieramet allots shares to Bhagyanagar India shareholders 1:1
Demerger Ratio AnnouncedNclt Scheme FiledCore Business DivestedStrategic Transactions View source PDFExplain this filing
BHAGYANGR · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Tieramet Limited has allotted 3,34,96,434 equity shares (face value Rs.2 each) to shareholders of Bhagyanagar India Limited in a 1:1 ratio, pursuant to the composite scheme of arrangement for demerger of the Copper Business. The NCLT Hyderabad Bench had approved the scheme on September 07, 2026. Record date was October 08, 2026. Tieramet will now apply for listing its shares on BSE and NSE.
Likely market impact
Each BIL shareholder receives 1 new Tieramet share per share held. Tieramet will seek BSE and NSE listing shortly.