Announced Tue, 23 Jun · 14:49 IST
Hubtown: Merger scheme of two private firms with the company
HUBTOWN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+6.2%1-day move
₹200.50
prior close
₹202.39
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.9+0.9+0.1+1.2+6.2+4.5+4.2+4.1+6.7+6.3+1.6-1.2——
Up moveDown movePending
AI summary
Hubtown Ltd announced a press release regarding a scheme of arrangement for the merger of Saicharan Consultancy Private Limited and 25 West Realty Private Limited with Hubtown Limited. The scheme, to be implemented through NCLT, involves two private companies being absorbed into the listed entity. No specific swap ratio or financial details have been disclosed in this filing.
Likely market impact
Merger will consolidate operations into Hubtown. Shareholders await swap ratio and NCLT approval timeline.