JSW Energy Ltd Receives 'No Objection' from BSE and NSE for Scheme of Arrangement with GE Power India Limited

Key Highlights

• JSW Energy Ltd has received observation letters with 'no adverse observations' from BSE and 'no objection' from NSE in relation to the Scheme of Arrangement.
• The Scheme remains subject to receipt of applicable regulatory and other approvals.
• SEBI has provided comments on the draft scheme of Arrangement, which the entities involved are required to comply with.
• The entities involved are required to disclose all details of ongoing adjudication & recovery proceedings, prosecution initiated and all other enforcement action taken, if any, against the Company, its promoters and directors, before Hon'ble NCLT and shareholders.
• The entities involved are required to ensure that the financials in the scheme including financials considered for valuation report are not for period more than 6 months old.