Announced Wed, 22 Jul · 12:51 IST
JSW Energy shareholders and creditors approve GE Power India demerger scheme
JSWENERGY · 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
-1.8%1-day move
₹565.65
prior close
₹566.60
base price
In-mkt
timing
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+0.5+0.3+0.3-0.0-1.8-2.8-2.8———————
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AI summary
NCLT-convened meetings on July 20, 2026 saw JSW Energy shareholders approve the Scheme of Arrangement with GE Power India Limited (Demerged Company) with 99.9999 percent votes in favor, covering about 1652.28 million shares with 90.12 percent turnout. Unsecured Creditors representing about Rs 1938 crore approved it unanimously. Both resolutions passed with the requisite three-fourths majority. Promoter group was not interested.
Likely market impact
Key milestone in GE Power India demerger into JSW Energy. NCLT final sanction pending; consolidates GE Power ops under JSW Energy.