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NCLT clears Bhutani Infra's Entertainment City stake buy over Unitech objections
The National Company Law Tribunal (NCLT) has ordered Entertainment City to register a 4.26% equity transfer to Bhutani Infra's Parmesh Construction Company. This decision overrides Unitech Holding's objections regarding a shareholder agreement violation. The tribunal ruled the transfer valid, stating that the initiation of a 100% disinvestment process effectively waived Unitech's Right of First Refusal.
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economictimes.indiatimes.com
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NCLT clears Bhutani Infra's Entertainment City stake buy over Unitech objections
The National Company Law Tribunal (NCLT) has ordered Entertainment City to register a 4.26% equity transfer to Bhutani Infra's Parmesh Construction Company. This decision…
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Bhutani Group gets NCLT approval to take over Noida's Entertainment City
NCLT has cleared the Bhutani Group's acquisition of Entertainment City, which includes The Great India Place and Worlds of Wonder. The group plans a Rs 10,000 crore investment to…