India, Oct. 17 -- Modis Navnirman Limited, one of Mumbai's fastest-growing and most promising players in the redevelopment real estate sector, has announced the successful completion of its fast-track merger with its wholly-owned subsidiary, Shree Modis Navnirman Private Limited.
This landmark merger represents a major milestone in the company's growth journey — being India's second fast-track merger and the first listed fast-track merger in Mumbai's real estate segment. The merger received approval from over 90% of shareholders, underscoring strong investor confidence in the company's strategic direction and future potential.
The consolidation is expected to strengthen Modis Navnirman's balance sheet, improve operational efficiency...