I recently heard about CESC demerger. Below are demerger details.
For every 10 shares of CESC a) 5 shares of Haldia Energy will be issued b) 5
shares of CESC Ltd. c) 6 shares of FV – Rs 5 of RP- SG Retail Ltd (which would later be
consolidated to Rs10 Face Value and converted to 3 shares) and d) 2 shares of RP- SG BPO
ltd. Will be issued. CESC, Haldia Energy, RP- SG Retail and RP- SG BPO all four will be listed
entities and the appointed date of demerger is Oct 1, 2017 subject to approval by National
Company Law Appellate Tribunal (NCLT).
If I buy the shares Today (08-Jan-2018). Am eligible for demerged shares?
I am holding 15 shares already. How many shares of above I’ll be getting? (they have a calculation against 10, so for extra 5 quantity how many shares of Haldia Energy & CESC I’ll be getting?)
If you hold CESC shares in Demat as of the record date of demerger, then you will be eligible for the corporate action.
For 5 shares of CESC, you get 2 shares of Haldia, 2 shares of CESC, 3 shares of SG retail and 1 share of SG BPO. The remaining 0.5 shares of CESC and 0.5 shares of Haldia should be credited as cash equivalent by the RTA directly to your bank account
@rahulpadhye50 : CESC ,BOUGHT ON OR BEFORE OCTOBER 29 ,for every 10 SHARE will be allotted additional six shares in Retail and two shares in the Venture company.
CESC is trading in truncated form from October 30.
one of the company Spencer`s retail ( old name Rp -sg retails )out of two has received regulatory approvals .Cesc venture ( old name Rp -sg business process services) may get soon .
@Suneel_Kotte@rj07@rahulpadhye50@Srinivas Both the companies Spence retail and Cesc venture will list from January 25 in T2T for 10 trading days after an initial price discovery as in new listing.first quote will be at 10.50 am .