Anant Raj Limited Approves Composite Scheme: Merging Subsidiary and Demerging Data Centre Business into Ashok Cloud

Anant Raj Limited Approves Composite Scheme: Merging Subsidiary and Demerging Data Centre Business into Ashok Cloud​

Anant Raj Limited has approved a Composite Scheme of Arrangement involving itself, Anant Raj Cloud Private Limited (ARCPL), and Ashok Cloud Private Limited (ACPL). The scheme encompasses both the merger of ARCPL into ARL and the subsequent demerger of the Data Centre Business from ARL into ACPL. This move aims to consolidate the company's data centre business and allow for two distinct market-focused entities.

The Composite Scheme dictates that Anant Raj Cloud Private Limited (ARCPL), which is a wholly owned subsidiary of Anant Raj Limited, will merge into Anant Raj Limited ("ARL"). Following this amalgamation, the Data Centre Business—which relates to both ARL and ARCPL’s undertakings—will be demerged from ARL and vested in Ashok Cloud Private Limited ("ACPL"), establishing ACPL as a dedicated company for the data centre sector.

Merger of ARCPL into Anant Raj Limited​

The merger of ARCPL into ARL involves three entities: Anant Raj Limited (ARL), Anant Raj Cloud Private Limited (ARCPL), and Ashok Cloud Private Limited (ACPL). The operational details and financial standing of these companies as part of the scheme are detailed below, with figures provided in Crores where applicable.


The merger is noted to be an intra-group transaction, as ARCPL and ACPL are wholly owned subsidiaries of ARL. Regarding the shareholding in ARL before the arrangement, the Promoters held 20,66,57,823 shares (57.42%), and the Public held 15,32,19,107 shares (42.58%).

Demerger of Data Centre Business into ACPL​

The scheme’s second part involves the demerger of the Data Centre Business from ARL into the resultant company, ACPL. The Demerged Undertaking encompasses all assets, liabilities, and operations related to the Data Centre Business conducted by both ARL and ARCPL.

As of March 31, 2026, the turnover of the demerged division was 145.90 Crores, representing 8.96% of the total turnover (1627.72 Crores).

The rationale for this restructuring includes segregating the Data Centre Business into a separately listed entity to facilitate independent market recognition and valuation. This structure will enable dedicated management focus and allows both ARL and ACPL to pursue growth tailored to their respective operational requirements.

Shareholding Structure in Ashok Cloud Private Limited (ACPL)​

The outcome of the scheme details the share issuance by ACPL to shareholders of the Demerged Company. Under the terms, eligibility requires one fully paid-up equity share of ACPL for every two shares held in the Demerged Company.

Prior to the scheme, the Promoters (ARL) held 100.00% of the shares in ACPL. Post-arrangement, the shareholding structure of ACPL is allocated as follows:


Overall, the scheme ensures that shareholders of ARL will hold 100% of the ultimate beneficial economic interest in ACPL through a combination of direct and indirect holdings.

ANANTRAJ Stock Price Movement​

Anant Raj Limited shares settled in the green today, rallying by 1.18% to close at ₹608.85 after a strong day of trading. Throughout the session, the stock navigated within a range defined by the intraday low of ₹598.15 and a high of ₹612.00, while accumulating 3.67 million shares traded.