CP Capital Limited
2,362words
2turns
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0executives
Key numbers — 40 extracted
rs,
2.75x
2x
4.5x
175%
108%
349%
100%
rs
21
11%
18%
15%
Risks & concerns — 1 flagged
Such risks include, but are not limited to, the risk factors described in Career Point’s Red Hearing Prospectus and other periodic reports / filings made to the Securities Exchanges Board of India.
— The Scheme provides for
Speaking time
1
1
Opening remarks
The Scheme provides for
i. Demerger of education business (‘Demerged Undertaking’) from Career Point Limited to Career Point Edutech Limited (wholly owned subsidiary); and ii. Merger of Srajan Capital Limited (wholly owned subsidiary) with Career Point Limited (Transferee Company). Update on the Company’s Business Restructuring plans pursuant to above scheme: i. The application to approve merger of Srajan Capital Ltd. in Career Point Ltd is already approved by RBI Chandigarh. ii. A separate application to grant NBFC license in Career Point Ltd is filed at RBI Mumbai and approval in being awaited. iii. The Scheme, approved by the board today, will subsequently be filed to SEBI for its approval, followed by honorable NCLT. The scheme is, inter alia, subject to filing, receipt of approval from the statutory, regulatory and customary approvals, including approvals from Stock Exchanges, NCLT Chandigarh jurisdiction. The appointed date for the purpose of giving scheme effect is 1 April 2023. Financial Updates - Sta
Career Point University
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