NCLAT gives go-ahead for Indiabulls Real Estate-Embassy Group mergerThe NCLAT has approved the merger of Indiabulls Real Estate and Embassy Group. The merger plans were previously stalled by the NCLT. All re...
12 Jan, 2025, 12.57 PM IST
Ugandan President Yoweri Museveni hails role of Indians in building country’s economyReflecting on Uganda's history, particularly the expulsion of Asians, a majority being Indian Ugandans, during Idi Amin's rule, Museveni ac...
22 Jan, 2024, 09.31 AM IST
Embassy Group plans to sell assets to cut debt by a third: Group chairman Jitu VirwaniVirwani said Embassy has "substantively and meticulously" addressed all the observations made by the income tax department and the National...
04 Jun, 2023, 11.21 PM IST
Indiabulls-Embassy merger will create one of India’s largest listed real estate development company, says Jitu VirwaniEmbassy Group is planning to restructure debt and focus on residential and commercial businesses following the merger with Indiabulls Real ...
01 Jun, 2023, 03.35 PM IST
Embassy Property plans to divest assets soon to pare debt by over 30%Embassy Property Development, a leading real estate firm, intends to slash its debt of ₹8,800 crore by more than a third in the upcoming tw...
22 May, 2023, 01.02 AM IST
NCLT Chandigarh withholds Embassy Group companies' merger with Indiabulls Real EstateThe merger sanctioned by Bengaluru bench the NCLT, which has jurisdiction over NAM Estates and Embassy One on April 22, 2022.
09 May, 2023, 10.41 PM IST
Indiabulls Real Estate tanks 20% as Nam Estates-Embassy One merger faces delays"Indiabulls Real Estate (IBREL) regrets to inform its shareholders and the public that the sanction to the merger of NAM Estates Private (N...
09 May, 2023, 03.32 PM IST
Indiabulls Real Estate net debt down 54%, merger with Embassy Group underwayIndiabulls Real Estate has cut its net debt by 54% to Rs 464 crore during the three months ended June, compared to the March quarter. Besid...
15 Aug, 2022, 12.56 PM IST
Embassy Group partners with SAS Infra to develop 3 in Hyderabad’s Financial DistrictThe project will fall under NAM Estates Pvt. Ltd., and is expected to become a part of the upcoming flagship vehicle Embassy Developments L...
28 Apr, 2022, 11.59 AM IST
NCLT directs Indiabulls Real Estate to discuss Embassy merger with shareholdersThe meeting to be held on February 12 through video conference or any other audio-visual medium will be chaired by the NCLT-appointed chair...
27 Dec, 2021, 07.40 AM IST
Indiabulls Real Estate swings back to profit in Q2, total income up 652%The company’s sales rose to Rs 874 crore for the half-year ended September from Rs 368 crore a year ago, while collections for the period r...
14 Oct, 2021, 09.29 PM IST
Indiabulls Real Estate, Embassy Group merger in final lap, co seeks NCLT nodThe merger has received nods from the Competition Commission of India (CCI), the stock exchanges, and the Securities & Exchange Board of In...
16 Aug, 2021, 10.38 PM IST
Promoters sell 3.1% stake in Indiabulls Real EstateThe promoters of the company are reducing their stake ahead of the completion of its merger with Embassy Group.
17 Mar, 2021, 12.30 PM IST
Indiabulls Real Estate, Embassy Group aim to complete merger by December endThe merger that will create one of India's largest listed property development platforms has received nod from anti-monopoly watchdog the C...
25 Feb, 2021, 01.22 PM IST
Indiabulls Real Estate expects net surplus of nearly Rs 11,400 cr from completed, running projectsIn an investor presentation, the company informed that its new sales bookings stood at Rs 990 crore in the third quarter of this fiscal and...
25 Jan, 2021, 08.02 PM IST
Indiabulls to sell real estate biz to Embassy-BlackstoneEach Indiabulls Real Estate share has been valued at Rs 92.5 — a premium of nearly 26% over the stock’s Tuesday close on the BSE at over Rs...
19 Aug, 2020, 07.34 AM IST
Indiabulls Real Estate, Embassy Group finalize merger terms, share swapThe combined entity will hold both the developers’ ongoing, completed but unsold and planned projects with 80.8 million sq ft of developmen...
18 Aug, 2020, 10.57 PM IST