Anant Raj board approves demerger to separately list real estate and data centre businesses - CNBC TV18

•Anant Raj Ltd's board has approved a Composite Scheme of Arrangement to separate its data centre and cloud services business from its real estate and infrastructure operations.

•The proposed restructuring will create two independently listed companies: Anant Raj Ltd for real estate and infrastructure, and Ashok Cloud Private Limited for digital infrastructure and cloud services.

•Ashok Cloud Private Limited will operate as a dedicated digital infrastructure and cloud services company, offering services such as data centres, co-location, and cloud migration.

•Eligible shareholders of Anant Raj Ltd will receive one fully paid-up equity share in Ashok Cloud Private Limited for every one share held in Anant Raj Ltd.

•The scheme requires approval from the National Company Law Tribunal (NCLT), the Securities and Exchange Board of India (SEBI), and other applicable authorities before it can be implemented.