Genus Power Infrastructures Limited has informed the Exchange regarding 'Apportionment of Cost of Acquisition of Equity Shares of Genus Power Infrastructures Limited ( Company ) consequent upon demerger'.
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Genus Power Infrastructures has informed shareholders of the cost apportionment methodology following the demerger of its Strategic Investment Business into Genus Prime Infra Limited. The NCLT Allahabad Bench had sanctioned this scheme on April 24, 2025. Under the arrangement, shareholders receive 1 equity share of Genus Prime Infra (face value ₹2) for every 6 shares held in Genus Power (face value ₹1), with record date February 6, 2026. For tax purposes, the pre-demerger cost of acquisition should be split: 90.05% attributed to Genus Power shares and 9.95% attributed to Genus Prime Infra shares. The company notes this is guidance only and shareholders should seek independent advice as regulatory authorities may take different views.
Shareholders will need to update their cost basis for both the retained Genus Power shares and the newly allotted Genus Prime Infra shares for capital gains calculations. This is a procedural filing and does not directly impact the stock's near-term price, but marks another step in the completion of the demerger process.