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Anant Raj's board approved a strategic demerger.

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Anant Raj LimitedANANTRAJ · Filed with the exchange

Its Data Centre & Cloud Services business will spin off into Ashok Cloud Pvt Limited, an independent listed entity.

Anant Raj will focus on real estate.

Shareholders get 1 share of Ashok Cloud for every 1 Anant Raj share, aiming to unlock value.

Read the original filing(PDF)

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