Embassy Developments Limited — Important, 22-05-2025: General Updates

Embassy Developments has announced a board meeting to approve the financial results for the quarter and half-year. The company allotted 2.87 crore shares to Bellanza Developers at ₹111.51 each, with ₹240 crore received as 75% payment. Bellanza’s stake rose from 4.68% to 6.71%, now holding about 135 crore shares. This equity infusion boosts Embassy’s capital base to support its ongoing operations.