NCLT approves acquisition of Radius Estates by Adani-owned Bridgeport Realtors

The National Company Law Tribunal has approved the acquisition of Radius Estates and Developers by Bridgeport Realtors, a subsidiary of Adani Group's Adani Goodhomes. This merger aims to revitalize Radius Estates, simplify corporate structure, and enhance financial strength. The plan was previously validated by the National Company Law Appellate Tribunal in May 2024.