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Oberoi Realty (ORL) has received NCLT approval for the merger of its wholly-owned subsidiary, Nirmal Lifestyle Realty (NLRPL), into ORL. This strategic amalgamation aims to simplify the group structure, unlock operational and financial synergies, and optimize resource utilization. The move is designed to enhance stakeholder value and boost investor confidence through a more focused and efficient real estate entity. Crucially, no new shares will be issued for this merger, resulting in zero dilution for existing ORL shareholders. The scheme will become effective upon filing with the Registrar of Companies.