Neueon Towers Renamed Neueon Corp; Listing on Dec 23, 2025
Neueon Towers Limited has announced a significant corporate change, including a name change to Neueon Corporation Limited and the listing of its equity shares. The company's name change is effective f...
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Why is Neueon Towers Limited in the news today?
Neueon Towers Limited (NTL) is in the news due to the name change and listing of equity shares after a resolution plan approval signifies a positive step towards the company's revival and operationalization.
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Neueon Towers Renamed Neueon Corp; Listing on Dec 23, 2025
December 19, 2025, 02:35 PM
Neueon Towers Limited has announced a significant corporate change, including a name change to Neueon Corporation Limited and the listing of its equity shares. The company's name change is effective from Tuesday, December 23, 2025. Concurrently, Neueon Corporation Limited will be listed and available for trading on both the BSE Limited and the National Stock Exchange of India Limited starting December 23, 2025.
This corporate action follows a Resolution Plan approved by the Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench, on October 23, 2024, under the Insolvency and Bankruptcy Code, 2016. Post-capital reduction, public shareholders will hold 10% of the company's total equity share capital, with the remaining 90% allotted to the Successful Resolution Applicant (SRA). The company will issue 5,65,44,552 fully paid-up equity shares of ₹1 each. The record date for implementing the resolution plan was fixed as December 06, 2024.
The securities will be traded in the 'T' group and will continue to operate under the Trade-to-Trade segment. The company's registered office is located at Survey No. 321, Turkala Khanapur (V), Hatnur (M), Medak, Telangana – 502201. The equity shares have a face value and paid-up value of ₹1 each.
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