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Hubtown Limited ( (IN:HUBTOWN) ) just unveiled an update.
Hubtown Limited’s board has granted fresh approval to a revised composite scheme of arrangement involving the amalgamation of three group entities—Distinctive Realty Private Limited, Amazia Developers Private Limited and Nitant Real Estate Private Limited—following the stock exchanges’ return of its earlier application and request for an updated valuation based on the latest audited financials. The scheme, effective from October 1, 2025, provides for a two-step amalgamation in which Distinctive Realty merges into Amazia Developers, and thereafter Amazia Developers and Nitant Real Estate merge into Hubtown Limited, subject to approvals from NSE, BSE, the National Company Law Tribunal, and the companies’ shareholders and creditors, a move aimed at consolidating group operations and potentially simplifying the company’s overall structure for stakeholders.
More about Hubtown Limited
Hubtown Limited is a listed Indian company engaged in real estate development, with projects typically structured through multiple subsidiary and associate entities. Its operations involve amalgamations and schemes of arrangement to consolidate project-specific companies and streamline its corporate and financial structure within the real estate sector.
Average Trading Volume: 54,456
Technical Sentiment Signal: Hold
Current Market Cap: 33.07B INR
For detailed information about HUBTOWN stock, go to TipRanks’ Stock Analysis page.