Nimbus Projects Merger & Restructuring Worth ₹1.02 Cr
Nimbus Projects is converting its partnership interest into a 95% stake in a new entity, IITL Nimbus The Express Park View, for a ₹1.02375 Crore subscription.
- Value
- ₹1.02 Cr
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Nimbus Projects is converting its partnership interest into a 95% stake in a new entity, IITL Nimbus The Express Park View, for a ₹1.02375 Crore subscription.
Nimbus Projects Limited will convert its partnership firm, IITL-Nimbus, The Hyde Park Noida, into a private limited subsidiary company, holding a 66.67% stake.
Nimbus Projects is converting its existing partnership firm, IITL-Nimbus The Express Park View, into a private limited company. The entity will become a subsidiary of the company.
Nimbus Projects will incorporate a new subsidiary, IITL Nimbus The Palm Village Pvt Ltd, by converting a partnership firm. This conversion involves a ₹1 Crore capital stake.