CP Capital Limited has informed the Exchange about Scheme of Arrangement
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CP Capital Limited (formerly Career Point Limited) has informed shareholders about the cost of acquisition apportionment following its composite scheme of arrangement. The NCLT Chandigarh Bench had sanctioned the scheme on October 22, 2024, under which the Education Undertaking of CP Capital is being demerged into Career Point Edutech Limited (CP Edutech). Under the scheme, CP Edutech will issue 1 equity share of Rs 10 for every 1 equity share of Rs 10 held in CP Capital, with the record date set as Friday, May 9, 2025. For tax purposes, shareholders must apportion their original cost of acquisition as 98.85% to CP Capital shares and 1.15% to CP Edutech shares. The scheme also involves Srajan Capital Limited as the transferor company in the composite arrangement.
Eligible shareholders of CP Capital as on the May 9, 2025 record date will receive shares in the newly demerged entity CP Edutech on a 1:1 basis. Shareholders should note the 98.85% / 1.15% cost split for future capital gains calculations, as this directly affects their tax liability on any future sale of either set of shares.