Hubtown Limited has informed the Exchange regarding Board meeting held on August 26, 2025.
HUBTOWN · price
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Hubtown Limited's Board, on August 26, 2025, approved a composite Scheme of Arrangement involving two amalgamations: (1) Distinctive Realty Private Limited (DRPL) merging into Amazia Developers Private Limited (ADPL), and (2) Nitant Real Estate Private Limited (NREPL) and ADPL then merging into Hubtown Limited. The appointed date is July 1, 2025, and the indicative issue price of Hubtown shares is around Rs. 900 per share (face value Rs. 10). Share exchange ratios are 16 Hubtown shares for every 1 NREPL share and 5,558 Hubtown shares for every 1 ADPL share. The group expects pre-sales of approximately Rs. 6,000 crore in the current financial year post-merger. The rationale is to consolidate premium Mumbai real estate projects '25 South' (Prabhadevi) and '25 Downtown' (Mahalaxmi) under Hubtown, achieve operational synergies, and strengthen the company's position in real estate and infrastructure development.
The scheme will materially expand Hubtown's share base, with promoter holding rising from 35.02% to 63.38% and public shareholders' stake getting diluted from 64.98% to 36.62% (without factoring in two other pending schemes). The merger brings high-value super-luxury projects and a Rs. 6,000 crore pre-sales pipeline, which could be positive for long-term revenue but is subject to NCLT, stock exchange, shareholder, and creditor approvals.