JSW Energy–GE Power India Scheme of Arrangement: NCLT Convened Shareholders & Creditors Meetings

M&A / JV 20 Jun 2026 · In regulatory review· ✓ Verified

GE Power India Limited, a manufacturer and service provider of thermal and renewable power generation equipment, proposes to demerge its undertaking and transfer it to JSW Energy Limited, a diversified power and energy conglomerate. The National Company Law Tribunal has convened separate meetings of GE Power India's equity shareholders and unsecured creditors to vote on the scheme under the Companies Act, 2013. Post-transaction, JSW Energy will be the resulting company. The scheme remains subject to final NCLT sanction, shareholder/creditor approval, and clearance from sector regulators (RBI, SEBI, DoPE); no consideration, purchase price, or share-swap ratio has been publicly disclosed to…

Why it mattersDemerger-with-absorption under Sections 230–232 CA 2013 where the transferee (JSW) becomes the resulting company; creditor protection via separate class meeting is procedurally critical; sector-specific gating (DoPE for any residual government stake in GE Power India) adds regulatory complexity typical of power-sector M&A.
CounselBar & Bench (reporting source)
SectorEnergy & Renewables
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