Demerger

GE Power India (GEPIL) just received key 'No Objection' from NSE and 'No Adverse Observations' from BSE for its strategic arrangement with JSW Energy (JSWEL). This deal involves GEPIL transferring its business to JSWEL, aiming for operational consolidation and synergy.

GEPIL shareholders are set to become JSWEL shareholders, gaining exposure to a larger, integrated power entity.

This move is designed to unlock value by streamlining operations.

The scheme still requires further approvals from NCLT and shareholders before finalization.

Watch for future updates.