NCLT meetings approve JSW Energy scheme of arrangement with GE Power India
JSWENERGY · price
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NCLT-convened meetings of equity shareholders and unsecured creditors of JSW Energy were held on 20 July 2026 via video conferencing. Both meetings approved the Scheme of Arrangement between GE Power India Limited and JSW Energy Limited under Sections 230-232 of the Companies Act, 2013, with the requisite majority. Members raised queries on transaction benefits, cost, share swap ratio, and completion timeline. Detailed voting results and scrutinizer report will be filed separately with the exchanges.
A key NCLT approval step cleared. Scheme still needs final NCLT sanction and other regulatory clearances before becoming effective.