Amalgamation of JP Infra (Mumbai) entities gets NCLT nod

The scheme of amalgamation and arrangement between JP Infra (Mumbai) and its affiliated entities Four D Estates, Four D Buildspace and JP Infra Realty have been approved by NCLT. These entities belong to the same promoter group.The proposed demerger is expected to ensure alignment of the business verticals - JP Infra (Mumbai) and Four D Estates continuing in the brownfield redevelopment projects and JP Infra Realty in greenfield projects involving development of newly-acquired land parcels