GFL LimitedGFLLIMITEDNSE
NCLT sanctions INOX Infrastructure merger into GFL Limited
As filed · We wish to inform you that the National Company Law Tribunal (Hon''ble court) has pronounced its order in the matter of scheme of Merger by Absorption of INOX Infrastructure Limited with and into GFL
M&AMixedNotablemateriality 65 out of 100
What happened
FactThe National Company Law Tribunal, Mumbai Bench, pronounced an order on September 28, 2026, sanctioning the merger by absorption of INOX Infrastructure Limited into GFL Limited. The scheme is under Sections 230 to 232 of the Companies Act, 2013.
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
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Fact- Swap ratio and its valuation basis
- Regulatory and NCLT approvals required
- Appointed date
Evidence
How CapitSignal classified this
- Reasoning:
- The tribunal sanction clears a key legal approval for GFL's proposed absorption of INOX Infrastructure. The filing does not state the scheme’s effective date, share-exchange terms, or financial impact.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%