New CESC demerger plan may still unlock value for investors
The clarity on Calcutta Electric Supply Corporation (CESC) demerger timeline and creation of two separate listed entities in addition to the existing listed entity removes uncertainty and overhang on the stock which is expected to unlock huge value to the shareholders in coming days, according to analysts. The stock, which declined nearly 7 per cent in the past one month, gained 3 per cent on Tuesday to close at Rs 930.CESC announced its demerger into three firms instead of the earlier four-way merger due to a delay in receiving approval from West Bengal State Electricity Regulatory Commission. The demerger is expected to benefit all shareholders as they will be able to participate in the individual business where growth opportunities are b.....