Moneycontrol
May 18, 2017 01:28 PM IST | Source: CNBC-TV18

CESC likely to announce mega restructuring today, to split biz into 4 separate firms

Sanjiv Goenka's CESC is embarking on a mega restructuring exercise for value unlocking. The announcement is expected with the results today, reports CNBC-TV18's Nisha Poddar.

Sanjiv Goenka's CESC is embarking on a mega restructuring exercise for value unlocking. The announcement is expected with the results today, reports CNBC-TV18.

The board of CESC is meeting both to discuss results and to take up the proposal of mega restructuring of the company, said sources with direct knowledge.

RP-Sanjiv Goenka Group to have five listed companies post rejig. CESC is likely to split all its big businesses into separated listed companies and this could happen through the way of demerger. Power generation as well as distribution could be split into separately listed companies. Spencer's retail is also expected to demerge into a separate listed company.

After the demerger exercise, CESC will be left with the real estate assets as well as the substantial assets that it has in its BPO business.

Company takes the restructuring route to unlock value, especially from power distribution business.

Watch accompanying videos to know the final contours of the rejig.

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