Embassy Developments Limited — Updates, 24-01-2025: Press Release

Equinox India has successfully completed the merger with NAM Estates, an Embassy Group entity, marking a significant milestone in its evolution. This merger, which was announced in 2020, received necessary regulatory approvals, including the nod from the National Company Law Appellate Tribunal. The new entity will operate under the name Embassy Developments Limited, leveraging the strengths of both companies to enhance market presence across key regions such as Bengaluru and Chennai.

The merger is expected to create a robust development platform, combining commercial and residential assets while increasing operational efficiencies. A new share allocation has been introduced, with 609,105,999 shares issued to NAM Estates shareholders, indicating a revised paid-up capital of ₹236.49 Cr, and the promoter group now holds a 41.4% stake.

With the integration process beginning, Equinox India is set to enhance its competitive edge and pursue growth opportunities. The company anticipates significant synergies that will drive long-term value for shareholders and stakeholders alike.