Hercules Hoists Demerger - Key Points for Investors

Market Announcements 📢
1

Hercules Hoists has made a public announcement regarding a scheme of demerger between Hercules Hoists Limited (Parent Company or Demerged Company) and Indef Manufacturing Limited (Child Company or Resulting Company). This scheme of demerger was approved by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench. For the purpose of this corporate action, October 11, 2024 has been fixed as the record date.

As per the scheme of demerger, 1 equity share of Indef Manufacturing Limited will be issued for every 1 equity share held by shareholders of Hercules Hoists Limited. In other words, if you hold 100 shares of Hercules Hoists Limited as of the record date, you will receive 100 shares of Indef Manufacturing Limited. It is important to note that the resulting company, Indef Manufacturing Limited, is not yet listed on the stock exchange. However, once the company applies for listing, you will be able to see the shares in your portfolio. Before the listing, the shares will still appear in your demat holding statement.

What do you think about this order by the NCLT? Feel free to use this thread to discuss.

2

There is a huge buy order with 0 sell orders for Hercules on Friday. Why is it so ?

3

@Sundaresan_M Generally, demergers are beneficial for companies as the newly formed entities (child companies) gain the freedom to grow independently and assess their demand and supply dynamics.

4

off late we have seen 3 demerger, OCCL ,Rossel and Hercules , lets see if it really benefits shareholders, so far we are waitiing for listing for all the 3

5

any one received shares or any idea abt the listing