Markets
BSE See NSE See 32,389.96
-219.20 (-0.67%)
collapse Related Readings collapse

CESC demerges into 4 companies: stock dipped 15%

By DSIJ Team | 5/19/2017 11:33 AM Friday

On May 18, 2017, CESC announced split of the company’s business verticals into four companies for value unlocking and all these entities will be listed and effective by October 1.

These four entities will be focusing on generation, distribution, organised retail and other ventures.

After the restructuring, all generation activity will be housed in CESC generation which is at 2,550 MW now while all the power distribution business will be handled by CESC Ltd. Spencer’s retail will be a separate company and CESC Ventures will handle BPO, FMCG, non-power and non-retail businesses.

CESC’s share capital increased to Rs 198 crore from Rs 132 crore which means Rs 66 crore worth of additional shares will be issued to the shareholders.A shareholder with 10 shares each will get five shares of Rs 10 each in generation, distribution, two shares in CESC ventures and six shares in Spencer’s retail.

On Friday, CESC is trading at Rs 872.90, up by 43.10 points or 5.19% at 9:50 on BSE.It opened with Rs 850.00  and previously closed with Rs 829.80.

 

Find More Articles on: Markets, DSIJ Mindshare, Product, Large Cap

news letter

More for the early bird.

Get the post-market reports and breakfast news right in your inbox. See latest »

DSIJ Mindshare

Overnight Digest: Stocks to look out for on October 23

Overnight Digest: Stocks to look out for on October 23

The stocks that are likely to witness significant movement on the bourses on October 23 are TV18 Broadcast Limited, Prakash Industries Limited, Mahindra Lifespace Developers Limited, Granules India Limited and Union Bank of India.

When should you consider exiting a fund

When should you consider exiting a fund

In investing exit becomes as important as an entry as the timing of both determines your returns. Timely review and monitoring performance of your fund help in designing your exit strategy.

Ultratech Cement Q2FY18: Higher interest, depreciation drag bottomline

Ultratech Cement Q2FY18: Higher interest, depreciation drag bottomline

The company reported PAT of Rs. 424 crore which represents a sequential QoQ decline of 52.8 per cent and a YoY decline of 31 per cent. Increased depreciation and higher interest cost relating to the acquired cement plants of JP Associates (21.2 MTPA) resulted in a decline in net profit.

Energy stocks light up amid tepid markets

Energy stocks light up amid tepid markets

In an otherwise lacklustre market, the Nifty Energy index spiked 2.51% and was trading at 14,072.95.

Grasim Industries and Arvind to set up facilities in Gujarat

Grasim Industries and Arvind to set up facilities in Gujarat

Grasim industries signed an agreement with the state government to invest Rs. 4,100 crores with an aim to set up two factories

Ten stocks close to their 52-week low

Ten stocks close to their 52-week low

Following stocks are close to their 52-week low as at 12.47 p.m. on October 18.

Ten stocks close to their 52-week high

Ten stocks close to their 52-week high

The markets on October 18 opened flat. BSE Sensex is trading at 32,477.35, down by 131.81 points and the Nifty is trading at 10,181.20, down by 53.25 points.

Arbitrage funds witness 45 per cent increase in inflows

Arbitrage funds witness 45 per cent increase in inflows

The mutual fund industry received Rs. 19,570 crore in arbitrage funds in the first six months of FY18, stated data released by the Association of Mutual Funds in India (AMFI). This is a 45 per cent increase from Rs. 13,475 crore received during the same period last year.

Axis Bank plummets by 8 per cent on rising NPAs

Axis Bank plummets by 8 per cent on rising NPAs

Axis Bank declined by 8 per cent to Rs. 475 per share on BSE in the early trade on Wednesday as the bank announced its financial results for the second quarter of FY18.

Future Lifestyle Fashion soars by 5%

Future Lifestyle Fashion soars by 5%

Flipkart is a e-commerce major giving tough competition to Amazon, while Future Group's Big Bazaar and Central are major big-box retail outlets with presence in almost all cities.