Corporate Rebuilding Through Demerger: A Case Study Based on Strides Pharma Science Ltd.

Authors

  • Samrat Banerjee Assistant Professor St. Xavier’s University Kolkata
  • Debdas Rakshit Professor University of Burdwan Bardhaman

Keywords:

No Keywords.

Abstract

With the increasing popularity and relevance of sustainability, disclosing the Business Responsibility and Sustainability Report is gradually becoming mandatory for the listed organizations. Therefore, it is necessary to determine whether companies are undertaking the exercise of spin-off to specifically increase their ESG scores. Thus, the impact of spinoff on environmental, social, governance and overall ESG scores have been evaluated for Strides Pharma Science Ltd. Raw ESG data have been collected from Bloomberg database and then analyzed. Findings reveal that the decision of demerger was taken in order to enhance the ESG scores of Strides Pharma Science Ltd. Besides, demerger did not have significant effect on stock returns of Strides Pharma Science Ltd.

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Published

2024-11-13

How to Cite

Banerjee, S., & Rakshit, D. (2024). Corporate Rebuilding Through Demerger: A Case Study Based on Strides Pharma Science Ltd. The Management Accountant Journal, 59(9), 97–100. Retrieved from https://icmai-rnj.in/index.php/maj/article/view/173696

Issue

Volume 59, Issue 9, September 2024

Section

Case Study

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