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?)