Nimbus Projects Ltd. Announces Partnership Stake Sale
Nimbus Projects Limited announced on March 28, 2026, that Nimbus Propmart Private Limited (NPPL), a group company, is selling its partnership stakes in three partnership firms to Mr. Bipin Agarwal, the Managing Director and promoter of Nimbus Projects Limited.The partnership firms involved are IITL-Nimbus, The Express Park View (EPV), IITL-Nimbus, The Palm Village (PV), and IITL-Nimbus, The Hyde Park, Noida (HP). Currently, Nimbus Projects Limited holds 95% capital contribution in EPV and PV, while NPPL holds 5%. In The Hyde Park, both Nimbus Projects Limited and NPPL hold a 50% capital contribution.
Following the transaction, NPPL will retire from the partnership firms, and Mr. Bipin Agarwal will join as a partner in their place. The capital contribution held by Nimbus Projects Limited in these firms will remain unchanged. The company stated that this transaction will not affect changes in control, management, or its financial position.
Here’s a summary of the capital contribution:
| Partnership Firm | Nimbus Projects Ltd. Contribution | NPPL Contribution |
|---|---|---|
| IITL-Nimbus, The Express Park View (EPV) | 95% | 5% |
| IITL-Nimbus, The Palm Village (PV) | 95% | 5% |
| IITL-Nimbus, The Hyde Park, Noida (HP) | 50% | 50% |
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