GEL receives 24L shares of RIPL under NCLT-sanctioned demerger scheme
GLOBAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.1 pts more than Nifty Microcap 250 and 3.1 pts more than its Education peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
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.
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.