D B Realty merges erstwhile subsidiary Gokuldham Real Estate with self

MUMBAI: Realty developer D B Realty has amalgamated its erstwhile subsidiary Gokuldham Real Estate Development Company, the company informed Bombay Stock Exchange on Tuesday.

The amalgamation will be with effect from the appointed date April 01, 2013 " pursuant to the Orders passed by the Hon. High Court on October 16, 2015 and October 27, 2015 (received by the Company on October 29, 2015 and November 04, 2015) and which have been filed with the Registrar of Companies and taken on record on December 23, 2015," the notice said.

On Tuesday, shares of D B Realty closed at Rs 57.40 on the Bombay Stock Exchange, down 1.4% over Monday's close.