Announced Wed, 16 Sept · 18:30 IST
NCLT orders meetings for amalgamation of two wholly-owned subsidiaries
GPTINFRA · 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
+7.0%1-day move
₹111.10
prior close
₹109.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.4+1.5+0.9+1.4+7.0+6.5————————
Up moveDown movePending
AI summary
GPT Infraprojects informed that NCLT Kolkata Bench has ordered meetings of equity shareholders and creditors to be held within 90 days to consider the Scheme of Amalgamation of its two wholly-owned subsidiaries - Alcon Builders and Engineers Pvt Ltd and Jogbani Highway Pvt Ltd - into itself. Board had approved the scheme in May 2026. No open offer triggered as both transferor companies are wholly-owned subsidiaries.
Likely market impact
Internal restructuring; simplifies group structure by merging two wholly-owned subsidiaries into the listed parent. No change in shareholding pattern.