Announced Wed, 22 Jul · 20:29 IST
Crest Ventures gets NSE, BSE nod for demerger scheme
Strategic Transactions View source PDF
CREST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹375.95
prior close
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base price
After-mkt
timing
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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.