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CESC trades ex-date for demerger; stock gain 5%

CESC transferred the retail undertaking business into RP- SG Retail and of the IT undertaking into RP- SG Business Process Services.

CESC
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SI Reporter Mumbai
Shares of CESC have moved higher by 5% to Rs 704 per share on the BSE in an otherwise range-bound market on Tuesday. The stock turned ex-date for demerger of non-power investments into new companies. CESC transferred the retail undertaking business into RP- SG Retail and of the IT undertaking into RP- SG Business Process Services.

The company has fixed October 31, 2018, as the record date for the purpose of determining the eligible shareholders of the company entitled to receive the said equity shares of RP-SG Retail and RP-SG Business Process Services.

Each existing shareholder of CESC, for

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First Published: Oct 30 2018 | 1:17 PM IST

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