Oberoi Realty Limited announces NCLT approval of scheme amalgamating NLRPL
Oberoi Realty · Realty
Key highlights
- NCLT Mumbai Bench-I approved scheme of amalgamation between Nirmal Lifestyle Realty Pvt Ltd (Transferor) and Oberoi Realty Ltd (Transferee) on April 6, 2026.
- The scheme provides for merger of wholly owned subsidiary NLRPL into ORL with appointed date November 7, 2024; shares of Transferor company to be cancelled without allotment of new shares.
- Following NCLT approval, the scheme will be effective upon filing certified order copy with Registrar of Companies; liabilities and assets of Transferor company transfer to Transferee company.
Why it's rated notable: The filing reports a definitive NCLT approval of amalgamation of a wholly owned subsidiary into the company, with no shares issued and no stated value involved, so the level is capped at medium.
Original filing
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.