Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 6 terms
Separating a division into an independently listed company, with shares issued to existing holders.
No premium is paid and each business gets its own multiple, which is why the record is better than for acquisitions.
A company event that changes share count or price — split, bonus, dividend, rights, demerger.
When a chart shows a mysterious overnight halving, check announcements before forming a view.
A court- or tribunal-sanctioned corporate reorganisation — a merger, a demerger, a reduction of capital or a composite of these — approved by the required majorities of shareholders and creditors.
The route almost every Indian group restructuring takes. Where a listed company is involved the exchanges and the securities regulator see it first, and the filed documents contain the valuation reports, the swap ratio and the appointed date.
The ratio at which shares of one company are exchanged for another in a merger or demerger.
Tells you how many new shares you receive. The price adjustment on the record date is arithmetic, not a loss.
A corporate event — demerger, buyback tender, delisting offer, rights issue or index change — that creates a mechanical mispricing independent of business quality.
The terms are published, the timeline is fixed and the outcome is largely arithmetic. They persist because they are boring, small and time-limited, which keeps large funds away.
A dated event after which a price series stops describing the same subject — a merger, a demerger of the principal division, a rebuilt capital structure or a change of trading segment.
The chart runs straight through it because the symbol did not change. Every statistic measured across the join is a blend of two companies.