Integra Essentia Limited (NSEI:ESSENTIA) made a proposal to acquire G G Engineering Limited (BSE:540614) for INR 5.4 billion on September 20, 2023. The transaction is subject to statutory, regulatory, and other approvals including relevant third-party consents. Both Integra Essentia and G G Engineering?s board granted in-principle approval for the proposal. Integra Essentia shall issue and allot 48 Equity Shares of Face Value of INR 1/- each to Equity Shareholders of G G Engineering Limited for every 100 Equity Share of Face Value of INR 1/- each held by them in G G Engineering.

Corporate Professionals Capital Private Limited acted as fairness opinion provider to Integra Essentia.