Cello World completes fractional share compensation for Wim Plast merger
CELLO · price
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Cello World has finished distributing sale proceeds from fractional shares arising from the Wim Plast merger and demerger. NCLT Ahmedabad sanctioned the composite scheme on May 14, 2026. On June 9, 2026, Cello World allotted 46,53,239 shares of INR 5 each to Wim Plast shareholders at ratios of 55:100 (demerger) and 31:100 (merger). 8,395 fractional shares were consolidated and sold on September 3, 2026 at INR 340.77 per share, generating net proceeds of about INR 28.48 lakh which were distributed to eligible shareholders on September 8, 2026.
Wim Plast amalgamation scheme now fully wound up with all eligible shareholders compensated, closing out the integration process.