Acquisitions14 May 2025, 07:41 pm
Nimbus Projects Ltd Acquires 25.32% Stake in World Resorts Limited Through Scheme of Arrangement
AI Summary
Nimbus Projects Ltd has acquired a 25.32% stake in World Resorts Limited through a Scheme of Arrangement. This acquisition was made by virtue of the Scheme of Arrangement and World Resorts Limited has become an associate of Nimbus Projects Ltd as a result. The Scheme of Arrangement was approved by the National Company Law Tribunal, New Delhi Bench and Kolkata Bench. World Resorts Limited is a hospitality industry company incorporated in 1995 with a revenue of Rs. 31,47,96,000 in F.Y. 2023-24.
Key Highlights
- Nimbus Projects Ltd acquires 25.32% stake in World Resorts Limited
- Acquisition made through Scheme of Arrangement
- World Resorts Limited becomes an associate of Nimbus Projects Ltd
- Scheme of Arrangement approved by National Company Law Tribunal, New Delhi Bench and Kolkata Bench
- World Resorts Limited is a hospitality industry company incorporated in 1995