CPCAPNSECP Capital LimitedMediumNeutral
Announced Mon, 12 May · 18:10 IST

CP Capital Limited has informed the Exchange about Scheme of Arrangement

Nclt Scheme FiledCore Business DivestedStrategic Transactions View source PDF

CPCAP · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

CP Capital Limited informed the exchanges that Career Point Edutech Limited (CP Edutech) has allotted 1,81,92,939 (about 1.81 crore) fully paid-up equity shares of Rs 10 face value to the shareholders of CP Capital as on the Record Date of May 9, 2025. The allotment is happening under a Composite Scheme of Arrangement involving CP Capital, CP Edutech, and Srajan Capital Limited along with their respective shareholders. Separately, CP Capital's entire pre-scheme shareholding in CP Edutech (6,12,947 shares) stands cancelled without any consideration as an integral part of the scheme. The newly allotted shares will be credited to shareholders' demat accounts but will remain frozen until listing and trading permission is granted by the stock exchanges. This is a continuation of the company's earlier intimation dated April 24, 2025.

Likely market impact

CP Capital shareholders will directly receive shares of the edutech business in their demat accounts, giving them separate exposure to the education vertical. The shares are locked for now and will only start trading once exchanges approve the listing, which is the next key milestone to watch for the stock.