Joint Ventures2 April 2026 at 06:44 am
GE Power India Ltd Receives 'No Adverse Observations' from BSE and 'No Objection' from NSE for Scheme of Arrangement
AI Summary
GE Power India Ltd has received observation letters with 'No Adverse Observations' from BSE Limited and 'No Objection' from the National Stock Exchange of India Limited in relation to the Scheme. The Scheme remains subject to receipt of applicable regulatory and other approvals. The company is also responding to SEBI's comments on the draft scheme of Arrangement filed by JSW Energy Limited and GE Power India Limited.
Key Highlights
- GE Power India Ltd has received observation letters from BSE and NSE for the Scheme of Arrangement.
- The Scheme is still subject to receipt of other applicable regulatory approvals.
- SEBI has provided comments on the draft scheme of Arrangement filed by JSW Energy Limited and GE Power India Limited.
- GE Power India Ltd is required to disclose all details of ongoing adjudication & recovery proceedings, prosecution initiated and all other enforcement action taken.