CP Capital Limited (formerly known as Career Point Limited) has made a public announcement regarding the Composite Scheme of Arrangement between CP Capital Limited (Demerged Company) and Career Point Edutech Limited (Resulting Company). This scheme of arrangement was approved by the Hon’ble National Company Law Tribunal (NCLT), Chandigarh Bench. For the purpose of this corporate action, 9 May 2025 is the record date.
As per the scheme of arrangement, 1 equity share of ₹10 each fully paid-up of the Resulting Company (Career Point Edutech Limited) will be issued for every 1 equity share of ₹10 each fully paid-up held by equity shareholders of CP Capital Limited as on the record date.
In other words, if you held 100 shares of CP Capital Limited as on the record date, you will receive 100 shares of Career Point Edutech Limited.
The company is currently unlisted, but you can see the shares in the unlisted section of your portfolio. Trading will be possible once the company applies for listing. Your portfolio will update with the adjusted price between CP Capital Limited and the new Career Point Edutech Limited once the Cost of Acquisition (COA) is declared.