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GB Global Limited has announced a board meeting outcome where the board approved the amended draft scheme of merger with Dev Land & Housing Private Limited. This merger aims to enhance operational efficiency, reduce costs, and consolidate the businesses, promoting long-term sustainable growth. The shareholders from the Promoter Category, excluding Dev Land & Housing, will also be reclassified to the Public Category. The combined entity is expected to generate improved cash flows and shareholder value through greater synergies and streamlined management. An exit opportunity will be offered to shareholders, with an open offer price set at ₹120 per equity share.