NCLT sanctions Scheme of Arrangement for GE Power India

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

GVPIL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹638.00

prior close

₹648.90

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+0.9% vs market

Heavy Electrical Equipment peers, median of 34sector+0.5%+1.1% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.1 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.1

15m

-0.1

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6+0.7+0.9+0.5+1.1

Next day

-1.8-1.0-0.9-1.5-0.3

+0.3-0.3+0.6-1.1+1.4

-2.1-1.9-0.2-1.6-0.6

-6.5-4.5-2.1-5.7-0.9

-4.5-5.5+0.9-5.6+1.1

-9.1-7.3-1.8-7.4-1.7

15d

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UpDownMarket · Nifty Microcap 250Sector · Heavy Electrical Equipment peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

GE Power India informed the exchange that the NCLT Mumbai Bench has sanctioned the Scheme of Arrangement. A certified copy of the order has been received by the company. The scheme now needs to be filed with the Registrar of Companies to become effective.

Likely market impact

Scheme cleared by NCLT, paving way for implementation. Awaiting effective date and further details on impact for shareholders.