GE Shipping to seek High Court nod on demerger

Following the lapse of the legal deadline of August 2 for demerging its offshore division, the Great Eastern Shipping Company Ltd has now said it will apply to the Bombay High Court to extend the date for the demerger.

In a filing on the Bombay Stock Exchange, GE Shipping said that the board at its meeting held yesterday decided to apply to the High Court seeking extension of the timeline for the effective date of the demerger scheme.