NCLT Hyderabad allows demerger application under Sections 230-232 of Companies Act 2013 for P L Raju Constructions.
Scheme transfers real estate divisions to Adivarah Infra (residential) and Sitalakshmi Infra (commercial) as resulting companies.
Tribunal dispenses with shareholder and creditor meetings after obtaining 100% consent from all equity holders and creditors.
Share entitlement ratio provides 1 equity share in each resulting company for every 1 share held in demerged company.