Genus Prime Infra Approves Allotment of Equity Shares to Genus Power Infrastructures Shareholders
Genus Prime Infra Limited approved the allotment of equity shares to the equity shareholders of Genus Power Infrastructures Limited. The decision was made by the Board of Directors of Genus Prime Infra Limited during a meeting held on April 10, 2026.The allotment pertains to the Scheme of Arrangement, which involved the demerger of the Strategic Investment Business, termed the Demerged Undertaking, of Genus Power Infrastructures Ltd into Genus Prime Infra Limited, alongside their respective shareholders and creditors.
As per the approval, Genus Prime Infra Limited will allot 5,07,76,631 fully paid up equity shares, each having a face value of ₹2/-. These shares are being allotted to the equity shareholders of Genus Power Infrastructures Limited who held shares as on the Record Date, which was February 06, 2026.
Following this allotment, the Resulting Company is expected to apply for the listing of its equity shares on the stock exchange, specifically BSE Ltd. The shares issued through this process will rank pari passu in all respects with the existing equity shares of Genus Prime Infra Limited.
GENUSPOWER Stock Price Movement
Today, Genus Power Infrastructures Limited shares edged higher to close at ₹274.98, marking a gain of 6.96%. The equity saw significant interest throughout the day, with 1.19 million shares transacted.Source:
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