Sterlite Technologies Limited has informed the Exchange that Record date for the purpose of determining shareholders of Demerged Co. entitled to receive shares of Resulting Co. is 24-Apr-2025.
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Sterlite Technologies has fixed 24-Apr-2025 as the record date to identify shareholders of the Demerged Company who will be entitled to receive shares of the Resulting Company under its ongoing demerger scheme. This record date is a key milestone in implementing the demerger, meaning the share entitlement will be based on holdings as of that date. The move signals that the demerger scheme has crossed major regulatory hurdles and is now moving toward execution and share allotment.
Existing shareholders will receive shares of the Resulting Company based on their holdings on the record date, effectively restructuring their investment across two listed entities. The stock may see short-term volatility around the record date as traders adjust positions.