Marathon Nextgen Realty Announces Composite Scheme of Amalgamation & Arrangement

Source |09:11 20 Apr 25

mergers & acquisitions restructuring corporate actions

Board approved a composite scheme of amalgamation and arrangement on March 31, 2025.
The scheme involves Matrix Water Management, Sanvo Resorts, Marathon Realty, Matrix Enclaves, Matrix Land Hub, Marathon Nextgen Realty, and Marathon Energy.
Appointed date is January 1, 2025, subject to regulatory approvals.
The scheme includes amalgamation of MWMPL (33 acres in Panvel) and SRPL (25 acres in Panvel) into MNRL.
Demerger and transfer of various projects from MRPL, MEPDPL, and MLHPL to MNRL and its subsidiary MEPL.
Land involved: ~130 acres in Bhandup, ~172 acres in Panvel, ~49 acres in Dombivli, and ~34 acres in Dombivli.
Share valuation revised upwards to Rs.575 per share from Rs.553 per share.
Detailed share exchange ratios provided for amalgamation and demerger of various entities.
New securities to be issued to maintain minimum 25% public shareholding.
Redemption of redeemable preference shares staggered over five years.
Rationale: Streamlining group structure, consolidating projects under listed entity, benefiting public shareholders.

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