InvestorQ : When is the merger of the Embassy group and IBREL likely to be through?
Chandralekha Desai made post

When is the merger of the Embassy group and IBREL likely to be through?

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NISHA Nayak answered.
4 months ago
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Embassy Group has confirmed that it expects to complete the merger of some of its housing and commercial projects with the Indiabulls Real Estate by end of 2021. CCI has already approved the merger of the 2 group firms viz. NAM Estates and Embassy One with Indiabulls Real Estate Ltd. Embassy Group has around 14% stake in IBREL and it will increase to 45% post-merger.

The combined entity will have 80.8 million square feet of launched and planned development potential across 30 projects. Embassy is India’s first REIT.

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