Anant Raj Ltd Board Approves Demerger to Create Two Listed Companies

Anant Raj Limited's Board of Directors has approved a Composite Scheme of Arrangement to demerge its data centre and cloud services business into a new, independently listed entity, Ashok Cloud Private Limited. The existing Anant Raj Limited will continue to focus on its core real estate and infrastructure development. This strategic restructuring aims to provide focused growth strategies for each business, enhance operational efficiency, unlock shareholder value, and allow for independent market recognition and investment in the rapidly growing digital infrastructure sector. The scheme will be approved by the NCLT under Sections 230 to 232 of the Companies Act, 2013.