One International Center Demerges One Unity Center

NCLT Mumbai approves demerger scheme for One International Center to spin off its One Unity Center real estate asset into a separate company.
The demerger aims to unlock value via focused management, attract specific investors, and streamline operations for the distinct commercial assets.
Consideration involves issuing 1 One Unity Center share for every 1000 One International Center shares held by shareholders.
Meetings dispensed as 100% shareholders and 99.82% unsecured creditors (Rs 2,299 crore) by value consented to the scheme.