Embassy Developments Limited — Updates, 23-05-2025: Press Release

Embassy Developments has announced a board meeting on the financial results for the quarter and half-year. The company raised ₹1,060 Cr via conversion of unlisted warrants by promoters and Blackstone, allotting 12.7 crore shares. This boosts the balance sheet to back a strong project pipeline of 7.7 msf valued at ₹15,000 Cr. Paid-up equity now stands at ~₹269.9 Cr with promoters holding 42.96% and Blackstone 10.93%, signaling strong investor confidence in the growth strategy.