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An announcement from Hubtown Limited ( (IN:HUBTOWN) ) is now available.
Hubtown Limited’s board has reapproved a composite scheme of arrangement that will see group entities Distinctive Realty, Amazia Developers and Nitant Real Estate amalgamated into the listed company, with effect from October 1, 2025, subject to approvals from stock exchanges, the National Company Law Tribunal, and shareholders and creditors. The move follows the stock exchanges’ decision to return the earlier application and ask for a fresh filing with updated valuations based on the latest audited financials, prompting Hubtown’s board, guided by its independent directors and audit committee, to reconfirm the merger structure and proceed with the process required under Indian corporate and securities regulations.
More about Hubtown Limited
Average Trading Volume: 54,456
Technical Sentiment Signal: Hold
Current Market Cap: 33.07B INR
For a thorough assessment of HUBTOWN stock, go to TipRanks’ Stock Analysis page.