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Thursday, 18 May 2017

The big news hitting the markets during the first half of the Thursday’s trading session is the de-merging of RP-Sanjiv Goenka Group led CESC Limited.

As per the reports of a leading national business daily, CESC Limited is planning to split the company into stand-alone listed entities focused on four business verticals namely retail, BPO, power generation and transmission and power distribution.

As per industry observers, the de-merger of the company would unlock better value for distinct businesses that suffer currently ‘conglomerate discount’.

The group has 35 subsidiaries and associated companies while the combined group revenue is over Rs 16000 Cr.

The primary objective of this de-merger is to achieve the targets set by the company to reach revenues over Rs 33000 Cr by 2022 from the current revenues of Rs 16000 Cr.

The CESC group has the presence in power, engineering, education, entertainment, IT, retail, FMCG, plantations and foods.

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