Merger12 Feb 2026, 02:41 pm
GFL Ltd Announces Scheme of Merger by Absorption of Inox Infrastructure Limited
AI Summary
GFL Ltd, a listed company engaged in the business of distribution of investment products and holding investments in its group companies, has approved the draft Scheme of Merger by Absorption of Inox Infrastructure Limited, its wholly-owned subsidiary. The merger aims to remove an intermediate corporate layer, streamline the group structure, and rationalize costs. The scheme is subject to approval from the National Company Law Tribunal, other competent authorities, and shareholders.
Key Highlights
- GFL Ltd has approved the draft Scheme of Merger by Absorption of Inox Infrastructure Limited, its wholly-owned subsidiary.
- The merger aims to remove an intermediate corporate layer, streamline the group structure, and rationalize costs.
- Inox Infrastructure Limited is a real estate and property development company.
- The merger is subject to approval from the National Company Law Tribunal, other competent authorities, and shareholders.
- GFL Ltd is a listed company engaged in the business of distribution of investment products and holding investments in its group companies.
Price Impact
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