Bengaluru: Embassy Developments Limited, the newly formed entity following the merger of Equinox India Developments Ltd and Nam Estates Pvt Ltd, has realigned its leadership for growth and is targeting a gross development value of Rs 15,000 crore over the next 4-6 years. The firm plans to launch 7.7 mn sqft residential assets in FY…
The Supreme Court of India on Monday dismissed an appeal challenging the merger of Equinox India Developments—formerly Indiabulls Real Estate Ltd.—with Embassy Group, effectively clearing the final legal hurdle for the much-anticipated consolidation.A division bench comprising Justices Abhay S. Oka and Ujjal Bhuyan upheld the National Company Law Appellate Tribunal (NCLAT) ruling in favor of…
Equinox India Developments Limited has appointed Jitendra Mohandas Virwani, chairperson of Embassy Group & promoter of the company, as non-executive non-independent director on the Board with effect from January 25, 2025.Further, the company has also completed allotment of 60,91,05,999 fully paid equity shares, to the shareholders of NAM Estates, in accordance with the merger scheme.“He…
Equinox India Developments Limited has successfully merged NAM Estates, an entity of the Embassy Group, with itself, creating one of the largest publicly listed real estate companies in the market.The Boards of both companies held their meetings earlier today and confirmed that the merger became effective on January 24, 2025. This followed the receipt of…
The Embassy Group, which runs a real-estate investment trust (REIT), plans to raise Rs 1,600 crore of fresh debt through zero coupon bonds to fund new projects, refinance existing debt, and acquire a 5% stake in WeWork India from WeWork Global, sources close to the development told ET.Embassy’s closely held subsidiary, Serenesummit Realty, will be…
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