Crest Ventures gets NSE, BSE nod for demerger scheme

Strategic Transactions View source PDF Explain this filing

CREST · price

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Price reactionminutes from the announcement price · days from the prior close

-1.0%Reaction day

₹375.95

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-0.3% vs market

Non Banking Financial Company (NBFC) peers, median of 212sector-0.4%-0.5% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.5 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

-0.2-0.3+0.0-0.9+0.7

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+4.8+2.1+2.7-0.8+5.6

15d

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 212Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NSE and BSE have given no objection to Crest Ventures proposed demerger into Crest Capital and Investment. The scheme will now be filed with NCLT. Resulting entity CCIL will need separate listing approval, and shares issued will remain frozen in depositories until listing permission is granted.

Likely market impact

Demerger clears stock exchange hurdle. NCLT filing next; shareholders to receive CCIL shares frozen until listing.