Announced Tue, 30 Jun · 21:11 IST
Board okays merger into GESL Spinners; share swap ratio 135:100
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.4%1-day move
₹30.64
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+5.4+5.4+5.1—+8.4+3.6-11.4———
Up moveDown movePending
AI summary
Ganesha Ecoverse board has approved the company's amalgamation into GESL Spinners Limited under Sections 230 to 232 of the Companies Act. Share exchange ratio is 135 equity shares of GESL Spinners (face value Rs.10) for every 100 shares in Ganesha Ecoverse. Preference shares swap 1:1. Appointed date is 1 April 2026. GESL Spinners is an unlisted associate of Ganesha. The scheme requires NCLT, SEBI and BSE approvals. Post merger, Ganesha Ecoverse will cease to exist.
Likely market impact
Shareholders get 1.35 GESL Spinners shares per Ganesha share. Awaiting NCLT, SEBI and BSE clearances; listed status ends for Ganesha.