Merger2 Jul 2026, 08:50 pm
IndiGrid Infrastructure Trust Withdraws Amalgamation Scheme
AI Summary
IndiGrid Infrastructure Trust has announced the withdrawal of its Scheme of Amalgamation involving Universal Saur Urja Private Limited, Terralight Solar Energy Tinwari Private Limited, and Terralight Solar Energy Patlasi Private. The withdrawal follows an order from the Hon'ble National Company Law Tribunal, New Delhi, the certified copy of which was received on July 01, 2026. Consequently, the amalgamation scheme stands revoked and will have no effect. This development impacts the planned restructuring between IndiGrid Infrastructure Limited and its HoldCo, IndiGrid Limited.
Key Highlights
- Amalgamation scheme involving subsidiaries has been withdrawn.
- Withdrawal is due to an order from the National Company Law Tribunal.
- The scheme is now revoked and has no further effect.
- This impacts the planned restructuring of IndiGrid Limited.
Price Impact
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