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Demerger of the greenfield project undertaking from JP Infra (Mumbai) into Four D Estates is expected to enable carving out of a sole greenfield project undertaking from JP Infra (Mumbai).
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. As all 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.