NCLT orders shareholder and creditor meetings for GE Power India demerger into JSW Energy

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

JSWENERGY · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.7%Reaction day

₹580.00

prior close

₹578.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.4%+1.3% vs market

Power Generation peers, median of 28sector-0.5%+2.2% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Midcap 150 and 2.2 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.6

10m

+0.5

15m

+0.6

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.7+0.4+1.3-0.5+2.2

Next day

+0.2+0.1+0.0-0.7+0.9

-2.6-1.3-1.3-2.6-0.0

-1.6-0.0-1.6-1.2-0.3

-2.5-1.4-1.1-3.3+0.9

-4.4-2.2-2.2-5.0+0.5

-2.6+1.6-4.2-0.7-1.9

15d

-1.2+2.4-3.6-1.8+0.7

-5.5+3.4-8.9-5.2-0.3

-2.1+5.1-7.1-6.8+4.7

-6.9+4.3-11.2-10.2+3.3

UpDownMarket · Nifty Midcap 150Sector · Power Generation peers, median of 28Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

JSW Energy said the NCLT Mumbai Bench has directed the company to convene meetings of equity shareholders and unsecured creditors within 70 days to consider the proposed Scheme of Arrangement. Under the scheme, GE Power India (Demerged Company) will demerge into JSW Energy (Resulting Company) under Sections 230 to 232 of the Companies Act, 2013. The NCLT order was passed on 2 June 2026 and uploaded the next day.

Likely market impact

Shareholders and unsecured creditors will vote on the GE Power India demerger into JSW Energy within 70 days. Approval is needed for the scheme to move forward.