Merger20 May 2026, 07:01 pm
GOCL Corp Receives BSE Nod for Hinduja National Power Merger
AI Summary
GOCL Corporation Ltd. has received an observation letter with "no adverse observations" from BSE Limited regarding the proposed merger of Hinduja National Power Corporation Limited into GOCL Corporation Limited. The approval is subject to various statutory and regulatory approvals, including NCLT and shareholder approvals. SEBI has provided comments on the draft scheme, including disclosures of ongoing proceedings and compliance with circulars.
Key Highlights
- BSE provides 'no adverse observations' for GOCL Corp's merger scheme.
- Merger subject to NCLT, shareholder, and other regulatory approvals.
- SEBI requests disclosures of ongoing proceedings against the company.
- Liabilities of Transferor Company to be transferred to Transferee Company.
Price Impact
More from GOCLCORP