GB Global Limited — JV/Acquisition, 14-08-2025: Amalgamation/Merger

GB Global Limited (listed entity) is set to merge with Dev Land & Housing Private Limited (DLH), an unlisted real estate firm. The core objectives are to consolidate group operations, enhance efficiency, reduce costs, and unlock synergies, aiming for long-term growth. This absorption is key for GB Global's revival. Shareholders of GB Global (excluding DLH) have two options: a cash exit at ₹120 per share, or 1 Redeemable Preference Share (₹10 FV) in DLH for each GB Global equity share held. Post-merger, GB Global will be dissolved, a significant event for its public investors.