Regulatory3 Nov 2026, 03:24 pm
John Cockerill India gets RBI approval for share acquisition
AI Summary
John Cockerill India Ltd has received approval from the Reserve Bank of India (RBI) for the acquisition of shares of John Cockerill Metals International SA, Belgium. This approval is a crucial step following the shareholders' consent at the 40th Annual General Meeting on June 25, 2026. The company will now proceed with the implementation of the share purchase agreement and the issuance of Non-Cumulative Compulsorily Convertible Preference Shares on a preferential basis. Further intimations will be made to the stock exchanges as the process advances.
Key Highlights
- RBI approval received for share acquisition.
- Shareholders had previously approved the deal.
- Company to proceed with share purchase agreement.
- Preference share issuance also approved.
- Further updates will be provided.
Price Impact
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