CP Capital Limited has informed the Exchange about General Updates
CPCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Career Point Edutech Limited (CP Edutech) has allotted 1,81,92,939 equity shares of Rs 10 face value to the shareholders of CP Capital Limited as on the record date of May 9, 2025. This allotment is part of the Composite Scheme of Arrangement involving CP Capital, CP Edutech, and Srajan Capital Limited. Additionally, CP Edutech has cancelled and reduced the entire pre-scheme share capital of 6,12,947 equity shares held by CP Capital without any consideration, as required under the scheme. The newly allotted shares will be credited to shareholders' demat accounts but will remain frozen until stock exchanges grant listing and trading permission.
Shareholders of CP Capital will receive shares of CP Edutech in their demat accounts, gaining direct ownership in the edutech business which is being separated from CP Capital. The frozen status means these shares cannot be traded until listing approval, so any near-term price action depends on how the market views the demerged entity once it starts trading.