Announced Wed, 8 Jul · 23:18 IST
NCLT approves withdrawal of demerger scheme for Project Magnus
KALPATARU · 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
+0.1%1-day move
₹286.30
prior close
₹289.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.7+0.5+0.7+0.1-0.9-2.2-2.5-3.6-4.0————
Up moveDown movePending
AI summary
The NCLT Mumbai has approved Kalpataru Limited's withdrawal of a demerger scheme that would have transferred Project Magnus, a property in Bandra East, Mumbai, from its step-down wholly owned subsidiary Kalpataru Properties into the parent company. The Executive Committee had already approved the withdrawal on June 2, 2026, and the NCLT order was received on July 8, 2026. As both entities are wholly owned, this was an internal restructuring matter with no impact on minority shareholders.
Likely market impact
Internal restructuring between wholly owned entities cancelled. No change to shareholding pattern or minority shareholders.