Hubtown announces major amalgamation to boost real estate portfolio

Hubtown Limited announced a revised outcome of its Board Meeting on August 26, 2025, outlining a comprehensive scheme of arrangement involving two amalgamations. Amalgamation I involves Distinctive Realty Private Limited (DRPL) merging into Amazia Developers Private Limited (ADPL). DRPL, a subsidiary of ADPL, will see its shares canceled without new issuance, as it is a wholly-owned subsidiary.

Amalgamation II involves ADPL and Nitant Real Estate Private Limited (NREPL) merging into Hubtown Limited, effective July 1, 2025. This move aims to consolidate high-potential real estate assets like the '25 South' and '25 Downtown' projects, streamline operations, and enhance the consolidated entity’s investment profile. Post-amalgamation, Hubtown expects pre-sales of approximately Rs. 6,000 crore in the current financial year. Additionally, Hubtown has provided a corporate guarantee to MITCON CREDENTIA TRUSTEESHIP SERVICES LIMITED for up to Rs. 96 crore in non-convertible debentures for Twenty Five Estates Realty Private Limited, a wholly-owned subsidiary.