GB Global Limited will merge with Dev Land and Housing Private Limited following NCLT approval.

The merger aims for cost optimization, operational efficiency, and overall business expansion, crucially facilitating the revival of GB Global.

Public shareholders of GB Global will get ₹120 per equity share as a floor price, subject to a Reverse Book Building process which might offer a higher value.

Additionally, they will receive one ₹10 Redeemable Preference Share for each equity share held, providing an exit opportunity as GB Global's shares will be delisted.