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Embassy Developments Receives ₹10.6 Billion from Warrant Conversion

Summary by realtynmore.com
Bengaluru/Mumbai, May 23, 2025: Embassy Developments Limited (EDL) has announced the conversion of unlisted warrants into equity shares by the promoter group and another key shareholder. Allotments were made to Bellanza Developers Private Limited (a promoter group entity) and NCL SG Holdings Pvt Limited (a Blackstone Real Estate fund). The transaction has resulted in a capital infusion of INR 10.6 billion, further strengthening the company’s equ…
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realtynmore.com broke the news in on Friday, May 23, 2025.
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