NCLT approves merger of INOX Infrastructure into GFL Limited
GFLLIMITED · price
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On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 0.8 pts less than its Holding Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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NCLT Mumbai has sanctioned the merger by absorption of INOX Infrastructure Limited, a wholly owned subsidiary, into GFL Limited. Since INOX is fully owned by GFL, no shares will be issued and the equity held by GFL will be cancelled. Appointed Date is April 1, 2026. The merger aims to simplify the group structure, cut administrative costs, and remove an intermediate corporate layer. No share exchange ratio applies.
Neutral for shareholders. No new shares issued, no ownership change. Simplifies group structure and reduces compliance costs.