CP Capital Limited has informed the Exchange regarding 'Apportionment of Cost of Acquisition of Equity Shares of CP Capital Limited (formerly known as Career Point Limited) ( Company or Demerged Company ) and Career Point Edutech Limited ( Resulting Company )'.
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CP Capital Limited has informed shareholders about how to split the original purchase cost of their shares between the company and the newly demerged entity, Career Point Edutech Limited. The NCLT Chandigarh Bench had already approved the Composite Scheme of Arrangement on October 22, 2024, under which the Education Undertaking is being demerged from CP Capital into Career Point Edutech. Shareholders will receive 1 equity share of CP Edutech (face value Rs 10) for every 1 share held in CP Capital, with the Record Date set as May 9, 2025. For tax purposes, shareholders must apportion 98.85% of their original cost to CP Capital and 1.15% to Career Point Edutech.
Eligible shareholders will automatically receive CP Edutech shares on the record date at a 1:1 ratio, and the cost allocation (98.85% / 1.15%) helps them compute future capital gains tax correctly. The demerger separates the education business, which may change the investment profile of CP Capital going forward.