Hubtown merger remains pending as revenue momentum rises
Hubtown’s proposed Nitant merger remains at one of five approval stages, while Nitant reported ₹874.78 crore of H1 FY27 revenue. Hubtown’s revenue rose 59% to ₹628.63 crore, with stock-exchange and NCLT approvals still pending.
pre-market1 source ↓machine-written, see hownot a recommendation
- HUBTOWN close
- ₹182.77
- On the day
- +0.53%
- 52-week high
- ₹339.00
- 52-week low
- ₹139.34
Hubtown’s proposed merger with Nitant, Amazia and Distinctive Realty remained at an early approval stage on 05 Nov 2026, even as the businesses reported significant revenue figures. Nitant recorded ₹874.78 crore of H1 FY27 revenue from operations in unaudited consolidated management information, while Hubtown’s own H1 FY27 revenue rose 59% year on year to ₹628.63 crore. 🏗️
The scheme has completed one of five approval stages: board approval. Stock-exchange approval is still in process, so Nitant’s reported revenue has not yet been incorporated into Hubtown’s consolidated financial statements. The proposed combination could broaden the real estate developer’s reported operating base, but the timing and final terms remain dependent on the remaining approvals. Merger approval pending is therefore the immediate market-sensitive development.
The Saicharan and 25 West schemes have progressed further, although final sanction from the National Company Law Tribunal remains outstanding. Hubtown has stated that 25 West carries expected total project revenue of about ₹6,000 crore. That figure represents projected project revenue and is not the same as recognised revenue or consolidated profit. 📑
OI Charts data showed Hubtown closing at ₹182.77 on 05 Nov 2026, up 0.53% for the session, with volume of 324,091 shares. The stock gained 8.7% over 20 sessions but was down 0.6% over five sessions. Its 52-week range stood at ₹139.34, recorded on 26 Oct 2026, to ₹339.00 on 18 Nov 2025. The session move indicates limited immediate price reaction despite the revenue and merger disclosures.
Investors will next track the stock-exchange decision, subsequent regulatory filings and the NCLT hearing or sanction for the relevant schemes. Further disclosures on the merger’s effective date, accounting treatment and revenue recognition will determine how much of Nitant’s operating performance reaches Hubtown’s reported numbers. The company’s execution at 25 West and progress on the Saicharan scheme remain additional checkpoints for the real estate sector. ⚖️
Source: Multibagg AI, 05 Nov 2026
Not investment advice. For informational purposes only.