Announced Mon, 20 Jul · 21:19 IST
JSW Energy shareholders, creditors approve GE Power India merger scheme
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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
-1.0%1-day move
₹566.30
prior close
₹569.50
base price
After-mkt
timing
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AI summary
JSW Energy shareholders and unsecured creditors approved the Scheme of Arrangement with GE Power India Limited in NCLT-convened meetings held on 20 July 2026. Both the equity shareholders and unsecured creditors voted in favour with the requisite majority under Section 230(6) of the Companies Act, 2013. Members raised queries on benefits, transaction cost, share swap ratio and completion timeline, which management addressed. The scheme now awaits NCLT sanction and other regulatory clearances.
Likely market impact
Positive step for the GE Power India merger; still requires NCLT sanction and regulatory approvals before becoming effective.