Other Electrical Equipment
Divestment10 April 2026 at 01:01 pm

Genus Power: Demerger Cost Apportionment Set at 90.05% & 9.95%

AI Summary

Genus Power Infrastructures Ltd. announced the apportionment of the cost of acquisition for its equity shares following the demerger of its Strategic Investment Business into Genus Prime Infra Limited. The National Company Law Tribunal sanctioned this Scheme of Arrangement. As per the scheme, shareholders will receive 1 fully paid-up equity share of Genus Prime Infra Limited (face value ₹2) for every 6 fully paid-up equity shares of Genus Power Infrastructures Limited (face value ₹1) held as of the record date, Friday, February 06, 2026. For tax purposes, the pre-demerger cost of acquisition of Genus Power shares should be apportioned as 90.05% to Genus Power Infrastructures Limited and 9.95% to Genus Prime Infra Limited. The company clarified this guidance is for general information and not a substitute for independent professional advice.

Key Highlights

  • Strategic Investment Business demerged into Genus Prime Infra Limited.
  • Shareholders to receive 1 Genus Prime share for every 6 Genus Power shares.
  • Record date for share issuance is February 06, 2026.
  • Cost of acquisition apportioned: 90.05% to Genus Power, 9.95% to Genus Prime.
  • This apportionment guidance is for general information only.