Great Eastern (GE) Shipping Company has received a three months extension for completing its balance demerger process.According to a release issued by the company to the BSE today, the Bombay High Court after considering the company's request for extension of time for completing the balance demerger process has approved extension of the Scheme of Arrangement (Demerger) by a period of 3 months.Further the Company has informed that, the Court has also approved the other modification to the Scheme.'Consequent to the decision of the Board to have identical promoters, clauses 24 and 32 in the Scheme relating to inter-se transfer of shares amongst promoters have been deleted', the release added.
