NCLT Approves Amalgamation of Nirmal Lifestyle Realty with Oberoi Realty

The National Company Law Tribunal (NCLT) has approved the scheme of amalgamation of Nirmal Lifestyle Realty Private Limited (NLRPL) with Oberoi Realty Limited (ORL). The scheme will come into effect from the date of filing of the certified copy of the Order with the Registrar of Companies. NLRPL, incorporated in 1995, is engaged in real estate development, while ORL, incorporated in 1998, is engaged in real estate development and hospitality. The boards of both companies approved the scheme in January 2025. The shares of ORL are listed on the Bombay Stock Exchange and National Stock Exchange of India Limited.