Hubtown Ltd Shareholders Approve Merger Schemes For SCPL And 25 West

Hubtown shareholders and creditors approved merging Saicharan Consultancy and 25 West Realty into the company. The mergers consolidate a 21.17% stake in Rising City project and add the Bandra super-luxury project with an expected ₹6,000 crore revenue. Subject to NCLT sanction.