India’s Law Tribunal OKs Sembcorp Industries’ approval for scheme of amalgamation

The amalgamation will be used for its wholly-owned subsidiaries.

Sembcorp Industries declared that the National Company Law Tribunal in India approved the Scheme of Amalgamation for its wholly-owned subsidiaries, Sembcorp Green Infra Limited (SGIL) with Green Infra Wind Energy Limited (GIWEL).

In a bourse filing, the company said the “merger of SGIL with GIWEL is part of an internal restructuring exercise and has no material impact on the earnings per share and net tangible assets per share of Sembcorp for the financial year ending December 31, 2023.”

The notice of the approval has been registered on the Bombay Stock Exchange.

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