Divine Power Energy (DPEL) has received a 'No Objection' from NSE for its proposed merger with Viraj Upkram Private.

This approval paves the way for DPEL to file the arrangement scheme with the National Company Law Tribunal (NCLT) within the next six months.

The merger aims to achieve business synergy.

While specific swap ratios or valuation figures aren't detailed in this update, the scheme highlights potential changes in promoter and public shareholding post-merger.

Investors should note this could impact their rights and the value of their holdings, necessitating a close review of future disclosures.