Embassy Developments Limited — Important, 15-05-2025: General Updates

Embassy Developments has raised INR 820 Cr by allotting 9.8 crore shares through warrant conversion, boosting paid-up capital to INR 264.11 Cr across 132.06 crore shares. Bellanza Developers’ stake rose to 4.68%, and NCL SG Holdings to 8.39%. This equity infusion strengthens the balance sheet to support ongoing projects and growth plans.