NCLT approves Poonawalla Finance demerger splitting lending, real estate business
The National Company Law Tribunal has approved a major restructuring for Poonawalla Finance. This plan will split the company’s lending and real estate businesses into separate entities. Poonawalla Finance will continue its lending operations. Its real estate assets will move to new companies, Rising Sun Holdings and Synergist Realtors. This move aims for sharper focus and better investor attraction.
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