Record date fixed for Genus Power demerger of Strategic Investment Business
GENUSPOWER · price
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On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 1.4 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Genus Power fixed Feb 6, 2026 as record date for demerger of its Strategic Investment Business into Genus Prime Infra Ltd. Shareholders get 1 share of Rs.2 face value in Genus Prime for every 6 shares of Re.1 face value held. ROC approved the scheme on Jan 5, 2026. Genus Prime will list on BSE after allotment. Physical shareholders will get shares credited to a Suspense Escrow demat account until they provide demat details.
Eligible shareholders will receive Genus Prime Infra shares at 1:6 ratio; Genus Prime to list on BSE post-allotment.