Nimbus Projects to Incorporate Subsidiary IITL Nimbus The Hyde Park Pvt Ltd
Nimbus Projects Ltd announced today, July 27, 2026, that its Board of Directors has approved the incorporation of a new subsidiary, IITL Nimbus The Hyde Park Private Limited. This entity will be formed by converting the existing partnership firm, IITL-Nimbus, The Hyde Park Noida, into a private limited company. Nimbus Projects will hold a 66.67% stake in the subsidiary, which will focus on real estate development, including construction, sale, leasing, and management of residential and commercial projects. The conversion is subject to regulatory approvals, including the issuance of a Certificate of Incorporation by the Registrar of Companies. Nimbus Projects will contribute ₹25,00,000 for 2,50,000 equity shares of ₹10 each, representing its capital contribution in the firm.
Key Highlights
- Nimbus Projects to convert partnership firm into a private limited subsidiary.
- New subsidiary named IITL Nimbus The Hyde Park Private Limited.
- Company to hold 66.67% stake in the new subsidiary.
- Subsidiary will engage in real estate development activities.
- Conversion subject to statutory and regulatory formalities.
Price Impact
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