Cello World absorbs Wim Plast: 55+31 CWL shares per 100 WPL, record date 9 June 2026
NCLT has cleared the composite scheme that demerges Wim Plast's manufacturing arm into Cello Consumer Products and amalgamates the residual business into listed Cello World. WPL holders receive 55 CWL shares (demerger) plus 31 CWL shares (merger) per 100 WPL shares, with the record date set for 9 June 2026.
NCLT-approved composite scheme demerges Wim Plast's manufacturing into Cello Consumer Products and amalgamates the residual business into listed Cello World. WPL shareholders get 55+31 CWL shares per 100 WPL shares; record date 9 June 2026.