Announced Fri, 4 Sept · 14:32 IST
GEL receives 24L shares of RIPL under NCLT-sanctioned demerger scheme
GLOBAL · price
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Price reaction · full curve 14 horizons · vs prior close
+3.3%1-day move
₹117.61
prior close
₹122.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.6-0.6+0.3+3.3+7.7+6.3+5.0+8.7+9.9————
Up moveDown movePending
AI summary
Global Education Limited received 24,00,000 equity shares of Rishiraj Infravision Pvt Ltd (RIPL) pursuant to an NCLT-sanctioned Scheme of Demerger between Yola Stays Limited and RIPL. Under a 1:1 share entitlement ratio, GEL now holds 24,28,230 shares of RIPL (about 28.24% of post-allotment capital), up from 28,230 shares earlier. No cash consideration was paid.
Likely market impact
GEL's effective stake in RIPL remains around 28.24% with no cash outflow. Demerger implementation between YSL and RIPL is progressing as per NCLT order.