Announced Sat, 20 Jun · 15:00 IST
NCLT meetings set for July 20 to approve GE Power India demerger into JSW Energy
Compliance View source PDF
JSWENERGY · price
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Price reaction · full curve 14 horizons · vs prior close
-0.5%1-day move
₹570.45
prior close
₹571.60
base price
After-mkt
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AI summary
JSW Energy told exchanges about newspaper ads for NCLT-convened meetings to approve its proposed demerger scheme with GE Power India. Under the plan, GE Power India's undertaking will move to JSW Energy. NCLT Mumbai Bench ordered these meetings on June 2, 2026. Equity shareholders meet on Monday, July 20, 2026 at 10:30 a.m., followed by unsecured creditors at 12:30 p.m. The scheme is filed under Sections 230 to 232 of the Companies Act, 2013.
Likely market impact
Key step forward in the GE Power India demerger. Equity shareholders and creditors will vote on July 20 to approve or reject the scheme, deciding its next phase.