{"id":110468,"date":"2023-09-21T15:23:07","date_gmt":"2023-09-21T09:53:07","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110468"},"modified":"2023-09-21T15:23:12","modified_gmt":"2023-09-21T09:53:12","slug":"gg-engineering-and-integra-essentia-received-board-approval-to-execute-the-merger-plan","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/gg-engineering-and-integra-essentia-received-board-approval-to-execute-the-merger-plan\/","title":{"rendered":"GG Engineering and Integra Essentia received board approval to execute the merger plan"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1264146685\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The GG Engineering Ltd. board has given the approval for the company to merge with <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ESSENTIA\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Integra Essentia Limited<\/a><\/strong>, which is involved in the steel and renewable energy industries.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2384022837\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>GG Engineering said in the regulatory filing on September 20 that the proposal remains subject to several other necessary approvals.<\/p><p>&#8220;We would like to inform that the board of directors have&#8230;granted in-principle approval for evaluating consolidation proposal of the company with Integra Essentia Limited (IEL),&#8221; the filing said.<\/p><p>The board believes the consolidation would create a larger and stronger entity. It will help to pool in the experience, expertise, resources and client base of the two companies and offer a larger bouquet of life essential products, FMCG goods, energy &amp; infrastructure products, it added.<\/p><div class=\"trade-content_5\" id=\"trade-3348505737\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Meanwhile, the board of IEL also gave its nod for the consolidation of the company with GGCL.<\/p><p>The board of GG Engineering Ltd (GGEL) approved funding up to Rs 99 crore earlier this month through the preferential distribution of convertible warrants.<\/p><div class=\"trade-after-content\" id=\"trade-206708466\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The GG Engineering Ltd. board has given the approval for the company to merge with Integra Essentia Limited, which is involved in the steel and renewable energy industries. GG Engineering said in the regulatory filing on September 20 that the proposal remains subject to several other necessary approvals. &#8220;We would like to inform that the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":110080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-110468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GG Engineering and Integra Essentia received board approval to execute the merger plan - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The GG Engineering Ltd. board has given the approval for the company to merge with Integra Essentia Limited, which is involved in the steel and renewable energy industries.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/gg-engineering-and-integra-essentia-received-board-approval-to-execute-the-merger-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GG Engineering and Integra Essentia received board approval to execute the merger plan\" \/>\n<meta property=\"og:description\" content=\"The GG Engineering Ltd. board has given the approval for the company to merge with Integra Essentia Limited, which is involved in the steel and renewable energy industries.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/gg-engineering-and-integra-essentia-received-board-approval-to-execute-the-merger-plan\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-21T09:53:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-21T09:53:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/09\/handshake3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/gg-engineering-and-integra-essentia-received-board-approval-to-execute-the-merger-plan\/\",\"url\":\"https:\/\/tradebrains.in\/features\/gg-engineering-and-integra-essentia-received-board-approval-to-execute-the-merger-plan\/\",\"name\":\"GG Engineering and Integra Essentia received board approval to execute the merger plan - 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