17 January 2024
The shareholders identified as of the record date for the demerged company will receive a payment. This payment, amounting to Rs. 1039.17 per equity share with a face value of Rs.10 each, is for the equity shares held by them that will be canceled and extinguished. The disbursement to Identified Shareholders will occur following the Capital Reduction, considering the valuation report and the associated fairness opinion.