NCLT clears Bhutani Infra's Entertainment City stake buy over Unitech objections
The tribunal allowed Bhutani Infra's Parmesh Construction to register a 4.26% stake in Entertainment City, operator of Noida's The Great India Place mall and Worlds of Wonder, dismissing Unitech's objections amid a 100% ECL disinvestment valued at Rs 1,347 crore.
NCLT cleared Bhutani Infra's Parmesh Construction to register a 4.26% stake in Entertainment City, operator of The Great India Place mall and Worlds of Wonder in Noida, dismissing Unitech's objections amid a 100% ECL disinvestment valued at Rs 1,347 crore.
Why this matters
The ruling advances Bhutani Infra's foothold in Entertainment City, operator of two major Noida retail and leisure destinations, clearing a legal hurdle in a Rs 1,347 crore disinvestment.
Retail-company signals accelerating at +563900% QoQ.