Devbhumi Realtors Demerger into Four Resulting Companies Approved

NCLT Hyderabad approves Scheme of Arrangement for demerger of Devbhumi Realtors into four resulting realty companies.
Scheme splits operations into four undertakings: Sattva Knowledge City Blocks A, B&C, D, and E-2 for enhanced efficiency.
All shareholder and creditor meetings dispensed with as 99.02% unsecured creditors (₹1,570.31 crore) provided consent.
Shareholders to receive 1 share in each resulting company for every 1,000 shares held in demerged company.