Nimbus Projects511714Subsidiary or JV
Nimbus Projects incorporates IITL Nimbus The Express Park View as 95% subsidiary; Rs.1,02,37,500/- capital converted into 10,23,750 shares
95%NPL shareholding in EPV
- Stake Held
- 95% (10,23,750 equity shares of Rs. 10/- each)
- Consideration
- NPL's capital contribution of Rs.1,02,37,500/- converted into 10,23,750 equity shares of Rs. 10/- each fully paid-up
- Incorporation Date
- October 10, 2026
- Target
- IITL Nimbus The Express Park View Private Limited ("EPV")
- Transaction
- New Subsidiary – conversion of a partnership firm into a private limited subsidi
Nimbus Projects incorporates IITL Nimbus The Express Park View as 95% subsidiary; Rs.1,02,37,500/- capital converted into 10,23,750 shares.
SEBI Master Circular referred to
Prior intimation of proposed conversion
Incorporation of EPV
MCA/CRC approval for conversion
Also from Nimbus Projects
Nimbus Projects converts partnership firm into subsidiary IITL Nimbus The Hyde Park Pvt Ltd, holds 66.66% for Rs.25,00,000/-
9 Oct 2026
Strategic investment of Rs.15.00 crore in Hari Nagar, New Delhi commercial real estate project
7 Oct 2026
Board finalises terms to avail Rs. 30 crore unsecured loan from associate World Resorts
7 Oct 2026
More numbers
- Cost of acquisition / considerationRs.1,02,37,500/-
- Equity shares acquired by NPL in EPV10,23,750 Equity Shares
- NPL shareholding in EPV95%
- Face value per equity shareRs. 10/-
- Paid up share capital of EPVRs. 1,07,76,320/-
- Authorized share capital of EPVRs.1,50,00,000/-
- Equity shares held by Mr. Bipin Agarwal in EPV53,882 Equity Shares
- EPV turnover FY2025-26220.29 (Rs.in Crores)
Source: BSE · 10 Oct 2026
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