Oberoi Realty Limited — JV/Acquisition, 20-01-2025: Amalgamation/Merger

Oberoi Realty Limited (ORL) has approved the amalgamation of its wholly owned subsidiary, Nirmal Lifestyle Realty Private Limited (NLRPL), with itself. This merger aims to simplify ORL's corporate structure, enabling better operational efficiency and strategic focus in the real estate sector. The transferred assets include contiguous land, enhancing resource utilization and value creation for shareholders. As a result of this transaction, the shares of NLRPL will be canceled, with no new shares issued or cash consideration. This streamlined approach is expected to boost investor confidence and improve performance outlook.