Merger announced
As filed · Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI LODR Regulations ) regarding convening the meeting of Unsecured Creditors of the C
What happened
FactDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI LODR Regulations ) regarding convening the meeting of Unsecured Creditors of the Company in connection with the proposed Scheme of Arrangement in the nature of merger / amalgamation of Saicharan Consultancy Private Limited ( Transferor Company ) with Hubtown Limited ( Transferee Company ) and their respective shareholders and creditors. with the proposed…
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Guidance
WithdrawnWe have given a guidance of around 6,000 crores of pre-sales and 3,000 crores of collection.
We expect INR3,000 crores in collections for this current year.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Swap ratio and its valuation basis
- Regulatory and NCLT approvals required
- Appointed date
- The projects which we have already in hand, which I have already told the amount of million square feet, more (management committed by FY27)
- We have given a guidance of around 6,000 crores of pre-sales and 3,000 crores of collection. (management committed by FY27)
Evidence
How CapitSignal classified this
- Reasoning:
- MERGER base 74; +4 corroborating keywords; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%