Yep, CG would hold 25% equity in CCPL as a holding company -
http://www.cgglobal.com/pdfs/Demerger-CP/Consumer-Demerger19Oct14.pdf
Salient features of the Scheme -
1). The Consumer Products Business undertaking shall be de-merged into CGâs wholly ownedsubsidiary, CCPL.
2). Under the Scheme, CG will transfer its Consumer Products Business undertaking including relatedbusinesses, undertakings, properties, investments, intangibles, contracts (including employeecontracts) and liabilities into CCPL.
3). CCPL will issue and allot to the shareholders of CG as on the record date 3 (three) fully paid upequity shares of Rs. 2 each for every 4 (four) equity shares held in CG.
4). CCPL will apply for listing its shares on the BSE and NSE.
**5). Upon demerger, CG will hold 25% + 1 share in CCPL and the balance will be held directly by the****shareholders of CG. **CG will benefit from the growth potential of the Consumer Products Businessand its ability to create additional value for shareholders as an independent company.
6). The proposed Scheme of Arrangement will be subject to the approvals of the High Court ofJudicature at Mumbai. The restructuring will further be subject to various statutory approvals,including those from the shareholders, lenders and creditors of CG and CCPL.
7). Appointed date of the scheme will be 1st April 2015.