Shareholders and creditors approve composite amalgamation and arrangement scheme
MARATHON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 1.6 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Marathon Nextgen Realty shareholders and unsecured creditors have approved a composite scheme of amalgamation and arrangement involving six related entities - Matrix Water Management, Sanvo Resorts, Marathon Realty, Matrix Enclaves, Matrix Land Hub, and Marathon Energy. 99.81 percent of equity shareholders voted in favor (4.92 crore shares polled), and 100 percent of unsecured creditors backed it (about Rs 1.10 crore). Meetings were convened under NCLT Mumbai Bench orders. The scheme now awaits final NCLT sanction, after which promoter holding will be about 74.61 percent.
Key step toward group restructuring. Shareholders backed the scheme by 99.81 percent. Awaiting NCLT sanction before share issuance takes effect.