NCLT Mumbai approves Nirmal Lifestyle's merger with Oberoi Realty
This story was originally published at 19:35 IST on 7 April 2026
Register to read our real-time news.Informist, Tuesday, Apr. 7, 2026
NEW DELHI – The Mumbai bench of the National Company Law Tribunal has approved Nirmal Lifestyle Realty Pvt. Ltd.'s merger with Oberoi Realty Ltd. Resultantly, Nirmal Lifestyle will be dissolved without winding up, said the tribunal.
No shares of Oberoi Realty shall be allotted in exchange for the holding of equity shares in Nirmal Lifestyle and the entire issued, subscribed and paid-up share capital of the latter shall stand automatically cancelled, said the tribunal. The share certificates, if any, or the shares in electronic form or physical form representing the equity shares held by Oberoi Realty in Nirmal Lifestyle shall be deemed to be cancelled without any further act or deed, it said.
According to the merger scheme, owing to the similar nature of business involved, it had become imperative for Oberoi Realty to reorganise itself so as to enable simplified structure and greater management focus on the business. The merger will help to create enhanced value for the stakeholders of Oberoi Realty and a clear strategic road map towards improved performance outlook and increased investor confidence.
Nirmal Lifestyle, incorporated in 1995, operates as a developer of residential and commercial properties. Oberoi Realty is primarily engaged in the business of real estate development and hospitality in India.
Tuesday, shares of Oberoi Realty ended nearly 3% higher at INR 1,560.30 on the National Stock Exchange. End
Reported by Surya Tripathi
Edited by Ashish Shirke
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
