Merger22 May 2026, 06:51 pm
GOCL Corp Receives NSE Nod for Merger Scheme
AI Summary
GOCL Corporation Ltd has received an Observation Letter with "No Objection" from the National Stock Exchange of India Limited (NSE) regarding the Scheme of Merger by Absorption of Hinduja National Power Corporation Limited into GOCL Corporation Limited. The scheme 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
- GOCL Corp received NSE's 'No Objection' for its merger scheme with Hinduja National Power Corporation.
- The merger is subject to regulatory and shareholder approvals.
- SEBI has issued comments on the draft scheme, focusing on disclosures and compliance.
- GOCL Corp must disclose details of ongoing adjudication and recovery proceedings to NCLT and shareholders.
- The company needs to ensure all liabilities of the Transferor Company are transferred to the Transferee Company.
Price Impact
More from GOCLCORP