Merger4 May 2026, 07:11 pm
Hubtown Receives NCLT Order for Merger with 25 West Realty
AI Summary
Hubtown Ltd announced the receipt of an order from the National Company Law Tribunal (NCLT), Mumbai Bench, regarding the proposed scheme of arrangement for the merger/amalgamation of 25 West Realty Private Limited (Transferee Company) with Hubtown Limited (Transferor Company). The NCLT order, dated May 04, 2026, directs Hubtown to convene a meeting of its equity shareholders to consider and approve the scheme. The company will separately update the precise details of the equity shareholders meeting. The NCLT order has been uploaded on the company's website.
Key Highlights
- NCLT approves meeting for Hubtown's merger with 25 West Realty.
- Equity shareholders to convene to consider the merger scheme.
- Merger aims at internal reorganization within the promoter group.
- 25 West Realty is developing a super-luxury residential project in Mumbai.
- The appointed date for the scheme is April 1, 2025.