Merger8 Sept 2026, 08:01 pm
Marathon Nextgen Realty Shareholders Approve Amalgamation Scheme
AI Summary
Marathon Nextgen Realty Ltd announced that its equity shareholders and unsecured creditors have approved a Composite Scheme of Amalgamation and Arrangement. The resolution, passed with the requisite majority, involves multiple transferor and transferee companies, including Matrix Water Management Private Limited, Sanvo Resorts Private Limited, Marathon Realty Private Limited, and others. The voting results, confirmed by a consolidated scrutinizer's report, showed overwhelming support for the scheme. The details of the voting results and the scrutinizer's report are available on the company's website and its registrar's website.
Key Highlights
- Shareholders and creditors approved the amalgamation and arrangement scheme.
- The resolution involved multiple companies as transferors and transferees.
- The scheme was passed with the requisite majority by both groups.
- Voting results and scrutinizer's report are publicly available.
- The meeting was convened as per NCLT directions.
Price Impact
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