Hubtown Limited has informed the Exchange about Scheme of Arrangement under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ("Act") in the nature of merger / amalgamation of 25 West Realty Private Limited , a group company, which is being jointly controlled by persons forming part of the Promoter and Promoter Group of Hubtown Limited, with Hubtown Limited
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On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 2.0 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Hubtown Limited's board has approved a Scheme of Arrangement to merge 25 West Realty Private Limited (25WRPL), a promoter group company, into Hubtown. 25WRPL is developing a super-luxury residential project called '25 West' in Bandra West, Mumbai, overlooking the Bandra-Worli Sea Link. The share exchange ratio is 42 Hubtown equity shares (face value ₹10) for every 1 equity share of 25WRPL. As a result, promoter and promoter group shareholding will rise from about 35% to roughly 49.85% (or 51.55% if the pending HL-SCPL scheme is also counted). The transaction is a related party deal but has been carried out at arm's length basis, recommended by a registered valuer and confirmed by a merchant banker fairness opinion. It is now subject to approvals from NCLT, BSE, NSE, shareholders and creditors, with an appointed date of April 1, 2025.
Existing public shareholders will see meaningful dilution as promoter holding jumps to nearly half the company, while Hubtown absorbs a premium Mumbai real estate asset that could boost its growth profile. Watch for NCLT and stock exchange approvals — timing of the merger and share issuance could affect stock price in the short term.