Merger1 Oct 2026, 09:30 pm
GE Power India Ltd: NCLT Sanctions Scheme of Arrangement
AI Summary
GE Power India Limited has received sanction from the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, for its scheme of arrangement with JSW Energy Limited. This sanction, vide an Order dated 01 October 2026, is a significant step following previous communications regarding the Board's approval of the scheme and receipt of observation letters from stock exchanges. A certified true copy of the NCLT's Sanction Order is awaited, and the company will subsequently inform the stock exchanges about the Effective Date and Record Date. The scheme involves GE Power India Limited and JSW Energy Limited and their respective shareholders under applicable provisions of the Companies Act, 2013.
Key Highlights
- NCLT has sanctioned the scheme of arrangement between GE Power India Ltd and JSW Energy Ltd.
- The sanction order was issued by the Hon'ble NCLT, Mumbai Bench, on 01 October 2026.
- This follows earlier board approvals and stock exchange observations.
- Effective Date and Record Date will be intimated in due course.
- The scheme is under Sections 230-232 of the Companies Act, 2013.
Price Impact
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