kolkata jan 25 rp sanjiv goenka groups demerged companies from its flagship firm cesc into spencers retail and cesc ventures made lukewarm debuts on bourses friday both spencers retail and cesc ventures hit their lower circuits in the first half of the trading session shares of the retail business spencers retail hit a lower circuit of rs 21280 on bse after listing at rs 230 while on nse the stock was down at rs 21375 after opening at rs 225 cesc ventures was listed at rs 545 but hit the days low of rs 51775 on nse on bse the stock was listed at rs 548 and was down to rs 52060 hitting the lower circuit of the day in contrast cesc was at rs 69010 at the time of filing the story up by rs 465 a share over previous close spencers retail and cesc ventures are nonpower businesses of the powergeneration and distribution major cesc cesc shareholders who had 10 shares received six shares of spencers retail of face value of rs 5 each under the scheme of arrangement while rest of the nonpower businesses of cesc such as bpo real estate and fmcg will be under cesc ventures and shareholders received two shares of rs 10 each bsm ans ans