StockWatch
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Commodity Chemicals
Corporate Action11 Sept 2026, 12:21 pm

Genus Prime Infra Receives Trading Approval for 6.3 Cr Shares Post Scheme

AI Summary

Genus Prime Infra Ltd has announced receiving trading approval from BSE Limited for 6,30,50,770 equity shares. These shares were allotted pursuant to a Scheme of Arrangement involving Genus Prime Infra Limited (Amalgamated Company), Sansar Infrastructure Private Limited, Star Vaniya Private Limited, Sunima Trading Private Limited, Genus Power Infrastructures Limited (Demerged Company), and Yajur Commodities Limited. The trading approval is effective from September 11, 2026. This development signifies the completion of the corporate restructuring and allows for the trading of the newly allotted shares on the exchange.

Key Highlights

  • BSE grants trading approval for 6.3 crore equity shares.
  • Shares allotted under a complex Scheme of Arrangement.
  • Effective trading date set for September 11, 2026.
  • Marks completion of corporate restructuring for Genus Prime Infra.
  • Involves multiple amalgamating and demerged entities.