CP Capital Limited has informed the Exchange about Scheme of Arrangement
CPCAP · price
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Awaiting price reaction for this filing.
CP Capital Limited (formerly Career Point Limited) has informed the exchanges about the progress of its Composite Scheme of Arrangement involving three entities: Srajan Capital Limited, CP Capital Limited, and Career Point Edutech Limited (CP Edutech). Under this scheme, equity shares of CP Edutech were allotted to eligible shareholders of CP Capital on May 12, 2025. These shares have now been credited to the respective demat accounts of eligible shareholders on June 11, 2025. The newly credited shares will remain frozen until CP Edutech receives listing and trading approval from BSE and NSE. CP Edutech will shortly apply to both stock exchanges for listing of these shares pursuant to the scheme.
This is effectively a demerger-style transaction where CP Capital's edutech business is being hived off into a separately listed entity (CP Edutech). Shareholders of CP Capital will end up holding shares in both entities once CP Edutech gets listed. Near-term, the CP Edutech shares are locked and not tradable, so there is no immediate liquidity. Watch for the listing approval from BSE/NSE, which will trigger trading and price discovery for CP Edutech shares.