
Corporate Action10 April 2026 at 03:51 pm
Genus Prime Infra allots 5.07 Cr shares to Genus Power shareholders
AI Summary
Genus Prime Infra Limited (the "Resulting Company") has allotted 5,07,76,631 fully paid-up equity shares of ₹2/- each to the equity shareholders of Genus Power Infrastructures Ltd. This allotment, approved by the Resulting Company's Board on April 10, 2026, is pursuant to a Scheme of Arrangement. The scheme involved the demerger of Genus Power's Strategic Investment Business into Genus Prime Infra, which was approved by the NCLT on April 24, 2025. Shareholders of Genus Power holding shares as of the record date, February 06, 2026, are eligible. Genus Prime Infra will apply for listing these new equity shares on BSE, which will rank pari passu with its existing shares.
Key Highlights
- Genus Prime Infra allotted 5.07 Cr equity shares to Genus Power shareholders.
- Allotment is part of a demerger scheme approved by NCLT.
- New shares of ₹2/- face value will be listed on BSE.
- Shareholders as of February 6, 2026 record date are eligible.