Hubtown to Consider Merger with 25 West Realty

Hubtown Limited's board of directors has announced its plan to consider a merger with 25 West Realty Private Limited, contingent upon due diligence and regulatory approval. In their board meeting held on March 17, 2025, Hubtown's leadership highlighted this strategic move as a means to expand their footprint in luxury residential projects, specifically in Bandra West. A draft scheme outlining the merger proposal, along with its rationale, will be evaluated by the Audit Committee and the Independent Director Committee for their input. Moreover, Hubtown's board has instructed the company to actively pursue new project acquisitions either through purchases, joint ventures, or other permissible routes, enhancing its project portfolio and ongoing developments. To support this growth strategy, Hubtown plans to raise additional capital, with potential vehicles being borrowings, debentures, equity, and hybrid instruments, pending shareholder and regulatory approvals. Additionally, the company seeks to collaborate with lenders and investors for funding these ambitious initiatives.