Mumbai, Oct. 17 -- Modis Navnirman Limited (BSE: 543539), one of Mumbai's fastest-growing and most promising real estate players in the redevelopment space, is pleased to announce the successful completion of it fast-track merger with its wholly-owned subsidiary, Shree Modis Navnirman Private Limited.

This strategic merger marks a significant milestone in the Company's growth journey, as it becomes India's second fast track merger and the first listed fast track merger in the real estate segment in Mumbai which has been approved by over 90% of the shareholders, reflecting the strong confidence and support of investors in the Company's vision and future prospects.

The consolidation of both entities is expected to strengthen Modis Navnirm...