Shareholding18 Sept 2026, 06:01 pm
Genus Power: Promoter Group Restructures Shareholding via Scheme of Arrangement
AI Summary
Genus Power Infrastructures Ltd has received a disclosure under SEBI's takeover regulations concerning a scheme of arrangement. This involves the demerger of the Investment Division of Kailash Coal and Coke Company Limited and amalgamation of C Finance Private Limited with Hi-Print Electromack Private Limited. All involved entities are promoters of Genus Power. The transaction, sanctioned by NCLT, resulted in Hi-Print Electromack Private Limited acquiring 11,96,84,511 shares, representing 39.34% of the total voting capital, effectively consolidating promoter holdings. The total equity share capital of the company remains unchanged post-acquisition.
Key Highlights
- Promoter group entities undergo shareholding restructuring via NCLT-sanctioned scheme.
- Hi-Print Electromack Private Limited acquires significant stake from other promoters.
- Transaction involves demerger and amalgamation of promoter companies.
- Total promoter shareholding consolidated under Hi-Print Electromack.
- No change in Genus Power's total equity share capital post-transaction.
Price Impact
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