CESC’s Missing Disclosure

CESC made an important announcement today regarding it’s demerger

However, at the time of going to press, the same disclosure was NOT made to BSE

Really cumbersome for investors when Companies disclose to one Exchange and not to the other.

2 Replies to “CESC’s Missing Disclosure”

  1. new Retail and Venture
    Companies.
    2. Each existing shareholder of CESC, for every 10 of his holding, will be allotted
    additional 6 shares of Rs. 5 each in new Retail and additional 2 shares of Rs. 10 each
    in the Venture company. Paid up Equity Share capital of the new Retail & Venture
    Companies would be Rs. 40 Cr. and Rs. 26 Cr. respectively, over and above the equity
    share capital of CESC of Rs. 132 Cr.
    3. The above restructuring will result in benefits for all shareholders. It will allow
    unlocking value for the investors, give a focused management attention to each of
    the verticals to pursue respective growth plans and allow the new entities to take
    advantage of the market values of Retail, FMCG and IT business.
    4. Record date for this purpose would be 31st October, 2018 and listing of new Retail
    and Ventures shares would take place thereafter.

  2. Now, there would be three companies, viz. CESC, new Retail and Venture
    Companies.

    . Each existing shareholder of CESC, for every 10 of his holding, will be allotted
    additional 6 shares of Rs. 5 each in new Retail and additional 2 shares of Rs. 10 each
    in the Venture company. Paid up Equity Share capital of the new Retail & Venture
    Companies would be Rs. 40 Cr. and Rs. 26 Cr. respectively, over and above the equity
    share capital of CESC of Rs. 132 Cr.

    . The above restructuring will result in benefits for all shareholders. It will allow
    unlocking value for the investors, give a focused management attention to each of
    the verticals to pursue respective growth plans and allow the new entities to take
    advantage of the market values of Retail, FMCG and IT business.

    . Record date for this purpose would be 31st October, 2018 and listing of new Retail
    and Ventures shares would take place thereafter.

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