Industrial Investment Trust Limited — Others, 16-05-2025: Disclosure under SEBI Takeover Regulations

Nimbus Projects Limited has announced a board meeting to discuss a scheme of amalgamation involving multiple transferor companies. Following the merger, Nimbus will acquire a majority stake in N.N. Financial Services Private Limited, a promoter of Industrial Investment Trust Limited, resulting in an indirect shareholding increase in the trust. This restructuring alters the shareholding pattern but does not change Industrial Investment Trust’s share capital. The move enhances Nimbus’s strategic control over its promoter group, strengthening its influence in related entities.