 "CESC")
RP-Sanjiv Goenka Group owned CESC Ltd has received the approval from the Kolkata bench of NCLT to proceed with its demerger scheme, which the company has claimed will result in unlocking more value from the demerged entities.
Under the plan, the group’s power business will be divided into two – generation and distribution while its retail arm, led by Spencer’s Retail will become the third company. The rest of the company’s business verticals will form the fourth entity.
The group's current flagship company, CESC Ltd will take over the distribution business while the other three companies will be listed on
