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Company News Details

Embassy Developments Ltd
Industry :  Miscellaneous
BSE Code
ISIN Demat
Book Value()
532832
INE069I01010
86.1673461
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
EMBDL
55.53
15625.31
EPS(TTM)
Face Value()
Div & Yield %
2.06
2
0
 

Embassy Developments Ltd
Embassy Developments receives Rs 1060 cr from conversion of warrants
May 23,2025

Embassy Developments  announced successful conversion of unlisted warrants into equity shares by the Promotor group and other key shareholder. Allotments were made to Bellanza Developers (a Promoter group entity) and NCL SG Holdings Pte (a Blackstone Real Estate Fund). The transaction has resulted in a capital infusion of ~Rs 1060 crore, further strengthening the company's equity base.

The ~12.7 Cr equity shares were allotted upon receipt of the remaining 75% of the issue price (Rs 111.51 per share) for the warrants, which were originally issued on 21 May 2024, under a preferential allotment approved by shareholders and rank equally with existing shares.

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