GOCL Corp shares jump 9% after board approves merger with Hinduja National Power

GOCL Corp's shares rose 9% after the board approved a merger with Hinduja National Power Corporation. The merger aims to consolidate operations, improve efficiency, and enhance long-term growth and shareholder value. Shareholders of HNPCL will receive 206 fully paid-up GOCL shares for every 10,000 HNPCL shares held. Post-merger, GOCL's promoter holding will rise to 74.87%, while public shareholding will fall to 25.13%.