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LIC-owned Integra Essentia approves amalgamation of GG Engineering | Mint

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LIC-owned Integra Essentia approves amalgamation of GG Engineering | Mint

Integra Essentia shares, a penny stock owned by LIC of India, are set to gain attention as the company board approves the amalgamation of GG Engineering Ltd. The proposal will see Integra Essentia issue 48 shares for every 100 shares of GG Engineering. The amalgamation aims to create economic value, reduce finance costs, improve profitability, and provide resources for business growth. The companies plan to achieve synergies, cost savings, and improved financial performance through the merger. The robust financial stability of the combined entity presents opportunities for organic and inorganic growth. LIC's significant shareholding in Integra Essentia gives it influence over the amalgamation's outcome.

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