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Corporate Laws Central Ministry of Corporate Affairs Securities and Exchange Board of India Act, 1992

Corporate Grouping of Listed Companies

26-Mar-2024 | Circular Ref. No: 0556/2024

NSE has issued a notification on Corporate Grouping of Listed Companies in reference to the NSE Circular Ref. No. NSE/CML/2023/81 dated November 30, 2023 By virtue of this notification in case of any change in corporate group of any listed company pursuant to any event such as Corporate Restructuring, Takeover, Merger, Demerger, Acquisition, Delisting etc., the companies were required to intimate the Exchange within Two Working Days of the Effective Date of the change. In this regard, it is to be noted that the Exchange has introduced an online module to facilitate the listed companies to file the intimation of change of its corporate group through NEAPS application (Link: https://neaps.nseindia.com/NEWLISTINGCORP/login.jsp). Therefore, henceforth the companies are required to intimate the change in their corporate group within Two Working Days of the Effective Date of the change through the online module only in NEAPS application. The path of the module and procedure to change the corporate group is annexed hereby as an Annexure.

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