Nimbus Projects Ltd — Updates, 14-05-2025: Company Update

Nimbus Projects Limited has announced a board meeting. The company has acquired 25.32% equity stake in World Resorts Limited through a Scheme of Arrangement involving the amalgamation of nine private companies with Nimbus. This acquisition makes World Resorts Limited, a player in the hospitality industry, an associate company of Nimbus. World Resorts Limited reported revenue of Rs. 31.48 crore in FY24. The acquisition involved share issuance to the transferor companies’ shareholders as consideration. This strategic move expands Nimbus’s footprint into hospitality via its associate entity.