Announced Fri, 21 Aug · 12:15 IST
NCLT sanctions Yola Stays demerger into Rishiraj Infravision; GEL to get 24L shares
GLOBAL · 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
+0.0%1-day move
₹107.50
prior close
₹106.55
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.5+0.1-0.1+0.1+0.0-0.7+2.5+3.4+1.4+3.3+19.0+20.2——
Up moveDown movePending
AI summary
NCLT Mumbai has sanctioned the Scheme of Demerger between Yola Stays Limited (YSL) and Rishiraj Infravision Private Limited (RIPL), order dated August 18, 2026. Under the scheme, the real estate business of YSL transfers to RIPL at a ratio of 1 RIPL share (rupee 1 face value) for every 1 YSL share (rupee 5 face value). GEL, holding 24 lakh YSL shares, will receive 24 lakh RIPL shares. NCLT noted no change in GEL economic interest or control.
Likely market impact
Proportionate share entitlement in RIPL; no dilution or change in GEL economic interest or control.