Bhagyanagar India: Tieramet Allots 3.34 Cr Shares Post Demerger
Bhagyanagar India Limited announced the allotment of 3,34,96,434 fully paid-up equity shares of face value ₹2 each by Tieramet Limited (the Resulting Company) to the shareholders of Bhagyanagar India Limited (the Demerged Company). This allotment is pursuant to the Composite Scheme of Arrangement, which included the demerger of Bhagyanagar India's Copper Business into Tieramet Limited. The allotment ratio is 1:1, meaning one equity share of Tieramet Limited for every one equity share held in Bhagyanagar India Limited as of the record date, October 08, 2026. Tieramet Limited will apply for listing its shares on BSE and NSE in due course, with the shares ranking pari-passu. This follows the National Company Law Tribunal's approval of the scheme on September 07, 2026.
Key Highlights
- Tieramet Limited allotted 3.34 Cr equity shares to Bhagyanagar India shareholders.
- Allotment follows demerger of Bhagyanagar India's Copper Business.
- The share exchange ratio is 1:1.
- Tieramet Limited will seek listing on BSE and NSE.
- The composite scheme of arrangement was approved by NCLT.
Price Impact
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