NCLT Hyderabad Bench amends Galada Power & Telecommunication's Resolution Plan.
Public shareholding increased to 5% in line with Securities Contracts (Regulations) Rules, 1957.
The amendment addresses the condition of minimum public shareholding at the time of listing.
The resolution plan was initially approved by the CoC on 17.09.2021 and by the Authority on 25.05.2023.
The amendment is a result of an application made by Stressed Assets Stabilization Fund.