6/7/2024, 3:26:02 pm

LIC-owned Integra Essentia approves amalgamation of GG Engineering

Integra Essentia, a penny stock owned by Life Insurance Corporation (LIC) of India, will issue 48 shares to GG Engineering shareholders for every 100 GG Engineering shares as part of an approved amalgamation. The deal aims to create economic value, reduce finance costs, and improve profitability, with shareholders of both companies expected to benefit from business expansion and synergies.