NCLT Mumbai Bench sanctions Scheme of Amalgamation between wholly-owned subsidiary Nirmal Lifestyle Realty Private Limited and its parent Oberoi Realty Limited.
The Scheme aims to simplify group structure, derive operational synergies, and create enhanced value for stakeholders of the listed transferee company.
NCLT order includes undertakings for tax compliance, RERA, and stamp duty, with no objections from creditors, members, or other regulatory authorities.