Hubtown Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/08/2025 ,inter alia, to consider and approve The draft Scheme of Arrangement between ....
HUBTOWN · price
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Hubtown Limited's Board will meet on August 26, 2025 to consider and approve a draft Scheme of Arrangement to merge three entities — Nitant Real Estate Pvt Ltd, Amazia Developers Pvt Ltd, and Distinctive Realty Pvt Ltd — into Hubtown, under Sections 230-232 of the Companies Act, 2013. Together, these three transferor companies hold the majority equity in Twenty Five South Realty Ltd (TFSRL), which is developing the super-luxury '25 South' project at Prabhadevi, Mumbai. TFSRL in turn holds 75% in Twenty Five Downtown Realty Ltd (TFDRL), which is building the '25 Downtown' super-luxury project near the Willingdon Golf Club at Mahalaxmi; Hubtown already owns the remaining 25% in TFDRL. The merger will consolidate Hubtown's direct ownership and economic interest in both premium Mumbai real estate projects under a single listed entity, subject to NCLT and other approvals.
If approved and implemented, the merger will consolidate Hubtown's stake in two high-value Mumbai luxury projects (25 South and 25 Downtown) under the listed entity, which could be positive for long-term shareholders. Investors should watch for the share-swap ratio, NCLT timeline, and any open-offer obligations once details are disclosed.