Hubtown Limited announced key decisions aimed at expanding its business footprint in its Board meeting on March 17, 2025. The Board reviewed the proposal for the merger of 25 West Realty Private Limited with Hubtown, subject to due diligence and regulatory approvals.
This merger, primarily involving the development of luxury residential projects in Bandra West, is expected to significantly increase Hubtown’s revenue over time. The draft scheme and rationale for the merger will be presented to the Audit Committee and Independent Director Committee for their recommendations.
Additionally, Hubtown’s Board has instructed the company to actively explore new opportunities for project acquisitions, whether through purchase, joint development, or other permissible routes. This strategic move aims to expand Hubtown’s project base and enhance its ongoing developments.
To fuel this expansion, Hubtown is considering raising funds through various financial instruments, including borrowings, debentures, equity capital, and hybrid instruments. Shareholder approval and necessary regulatory clearances will be sought for any fund-raising initiatives. Hubtown also plans to engage with lenders and investors to secure the required funding for these growth initiatives.
