Genus Power Infra receives observation letters from exchanges for Scheme of Arrangement

The Scheme of Arrangement is among Genus Prime Infra, Genus Power Infra, Star Vanijya, Sansar Infra, Sunima Trading, and Yajur Commodities.

Sep 17, 2021 03:09 IST India Infoline News Service

Bear Market
Genus Power Infrastructures Limited has received of Observation Letters from BSE Limited and National Stock Exchange of India Limited in relation to the Scheme of Arrangement among Genus Prime Infra Limited, Genus Power Infrastructures Limited, Star Vanijya Private Limited, Sansar Infrastructure Private Limited, Sunima Trading Private Limited, and Yajur Commodities Limited.

The Board of Directors of Genus Power Infrastructures Limited had approved the Draft Scheme of Arrangement on December 05, 2020, amongst Genus Prime Infra (Amalgamated Company or Resulting Company) and Sansar Infrastructure (Amalgamating Company 1) and Star Vanijya (Amalgamating Company 2) and Sunima Trading (Amalgamating Company) and Genus Power Infra (Demerged Company or the Company") and Yajur Commodities (Amalgamating Company 4) and their respective shareholders and creditors.

Towards last half hour of trade on Friday, Genus Power Infrastructures Ltd was trading at Rs62.50 per piece down by Rs1.75 or 2.72% from its previous closing of Rs64.25 per piece on the BSE.

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