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EMBDL
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Recent events
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News
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Corporate Actions
Embassy Developments Signs Agreement With LAM Research For 25 Acres In Bengaluru
March 20 (Reuters) - Embassy Developments Ltd EMBS.NS:
EMBASSY DEVELOPMENTS LTD - SIGNS AGREEMENT WITH LAM RESEARCH FOR 25 ACRES IN BENGALURU
EMBASSY DEVELOPMENTS LTD - TRANSACTION VALUED AT 11.25 BILLION RUPEES
Source text: ID:nBSE2kq9FT
Further company coverage: EMBS.NS
(([email protected];;))
March 20 (Reuters) - Embassy Developments Ltd EMBS.NS:
EMBASSY DEVELOPMENTS LTD - SIGNS AGREEMENT WITH LAM RESEARCH FOR 25 ACRES IN BENGALURU
EMBASSY DEVELOPMENTS LTD - TRANSACTION VALUED AT 11.25 BILLION RUPEES
Source text: ID:nBSE2kq9FT
Further company coverage: EMBS.NS
(([email protected];;))
Embassy Developments Appoints Jitendra Virwani As Chairman, Aditya Virwani As MD
March 4 (Reuters) - Embassy Developments Ltd EQUN.NS:
APPOINTS JITENDRA VIRWANI AS CHAIRMAN, ADITYA VIRWANI AS MD
Source text: ID:nBSE8V05y7
Further company coverage: EQUN.NS
(([email protected];;))
March 4 (Reuters) - Embassy Developments Ltd EQUN.NS:
APPOINTS JITENDRA VIRWANI AS CHAIRMAN, ADITYA VIRWANI AS MD
Source text: ID:nBSE8V05y7
Further company coverage: EQUN.NS
(([email protected];;))
Embassy Developments Says Jitendra Mohandas Virwani Appointed As Chairman
Feb 25 (Reuters) - Embassy Developments Ltd EQUN.NS:
EMBASSY DEVELOPMENTS LTD - JITENDRA MOHANDAS VIRWANI APPOINTED AS CHAIRMAN
EMBASSY DEVELOPMENTS LTD - ADITYA VIRWANI APPOINTED AS MANAGING DIRECTOR
EMBASSY DEVELOPMENTS LTD - SACHIN SHAH APPOINTED AS CEO & EXECUTIVE DIRECTOR
EMBASSY DEVELOPMENTS LTD - RAJESH KAIMAL APPOINTED AS CFO & EXECUTIVE DIRECTOR
Source text: ID:nBSE90wPxV
Further company coverage: EQUN.NS
(([email protected];;))
Feb 25 (Reuters) - Embassy Developments Ltd EQUN.NS:
EMBASSY DEVELOPMENTS LTD - JITENDRA MOHANDAS VIRWANI APPOINTED AS CHAIRMAN
EMBASSY DEVELOPMENTS LTD - ADITYA VIRWANI APPOINTED AS MANAGING DIRECTOR
EMBASSY DEVELOPMENTS LTD - SACHIN SHAH APPOINTED AS CEO & EXECUTIVE DIRECTOR
EMBASSY DEVELOPMENTS LTD - RAJESH KAIMAL APPOINTED AS CFO & EXECUTIVE DIRECTOR
Source text: ID:nBSE90wPxV
Further company coverage: EQUN.NS
(([email protected];;))
Embassy Developments Gets 6.19 Bln Rupees Booking Value For Embassy Verde
Jan 30 (Reuters) - Embassy Developments Ltd EQUN.NS:
GETS 6.19 BILLION RUPEES BOOKING VALUE FOR EMBASSY VERDE
Source text: ID:nBSE41Vb0c
Further company coverage: EQUN.NS
(([email protected];;))
Jan 30 (Reuters) - Embassy Developments Ltd EQUN.NS:
GETS 6.19 BILLION RUPEES BOOKING VALUE FOR EMBASSY VERDE
Source text: ID:nBSE41Vb0c
Further company coverage: EQUN.NS
(([email protected];;))
Equinox India Developments Says Embassy Group Becomes New Promoter With 41.4% Stake
Jan 27 (Reuters) - Embassy Developments Ltd EQUN.NS:
EQUINOX INDIA DEVELOPMENTS - EMBASSY GROUP BECOMES NEW PROMOTER WITH 41.4% STAKE
Source text: ID:nNSEcgt0Ky
Further company coverage: EQUN.NS
(([email protected];))
Jan 27 (Reuters) - Embassy Developments Ltd EQUN.NS:
EQUINOX INDIA DEVELOPMENTS - EMBASSY GROUP BECOMES NEW PROMOTER WITH 41.4% STAKE
Source text: ID:nNSEcgt0Ky
Further company coverage: EQUN.NS
(([email protected];))
Equinox India Developments Says Equinox India And Embassy Group Merger Completed
Jan 24 (Reuters) - Equinox India Developments Ltd EQUN.NS:
EQUINOX INDIA AND EMBASSY GROUP MERGER COMPLETED
Source text: ID:nBSE1NzLyS
Further company coverage: EQUN.NS
(([email protected];;))
Jan 24 (Reuters) - Equinox India Developments Ltd EQUN.NS:
EQUINOX INDIA AND EMBASSY GROUP MERGER COMPLETED
Source text: ID:nBSE1NzLyS
Further company coverage: EQUN.NS
(([email protected];;))
Equinox India Developments Dec-Quarter Consol Net Profit 221.7 Million Rupees
Jan 10 (Reuters) - Equinox India Developments Ltd EQUN.NS:
EQUINOX INDIA DEVELOPMENTS DEC-QUARTER CONSOL NET PROFIT 221.7 MILLION RUPEES
EQUINOX INDIA DEVELOPMENTS DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.77 BILLION RUPEES
Source text: ID:nBSE306MDT
Further company coverage: EQUN.NS
(([email protected];;))
Jan 10 (Reuters) - Equinox India Developments Ltd EQUN.NS:
EQUINOX INDIA DEVELOPMENTS DEC-QUARTER CONSOL NET PROFIT 221.7 MILLION RUPEES
EQUINOX INDIA DEVELOPMENTS DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.77 BILLION RUPEES
Source text: ID:nBSE306MDT
Further company coverage: EQUN.NS
(([email protected];;))
Equinox India Developments Sept-Quarter Consol Net Profit 240.6 Million Rupees
Oct 23 (Reuters) - Equinox India Developments Ltd EQUN.NS:
EQUINOX INDIA DEVELOPMENTS SEPT-QUARTER CONSOL NET PROFIT 240.6 MILLION RUPEES
EQUINOX INDIA DEVELOPMENTS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 2.46 BILLION RUPEES
Source text for Eikon: ID:nBSE2xfMP5
Further company coverage: EQUN.NS
(([email protected];))
Oct 23 (Reuters) - Equinox India Developments Ltd EQUN.NS:
EQUINOX INDIA DEVELOPMENTS SEPT-QUARTER CONSOL NET PROFIT 240.6 MILLION RUPEES
EQUINOX INDIA DEVELOPMENTS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 2.46 BILLION RUPEES
Source text for Eikon: ID:nBSE2xfMP5
Further company coverage: EQUN.NS
(([email protected];))
Equinox India Developments To Consider Raising Of Funds
July 30 (Reuters) - Equinox India Developments Ltd EQUN.NS:
TO CONSIDER RAISING OF FUNDS
Source text for Eikon: ID:nBSEKVkHf
Further company coverage: EQUN.NS
(([email protected];))
July 30 (Reuters) - Equinox India Developments Ltd EQUN.NS:
TO CONSIDER RAISING OF FUNDS
Source text for Eikon: ID:nBSEKVkHf
Further company coverage: EQUN.NS
(([email protected];))
Equinox India Developments Says Delisting Of Gdr's Of Co From Luxembourg Stock Exchange
July 24 (Reuters) - Equinox India Developments Ltd EQUN.NS:
EQUINOX INDIA DEVELOPMENTS - DELISTING OF GDR'S OF CO FROM LUXEMBOURG STOCK EXCHANGE
Further company coverage: EQUN.NS
(([email protected];))
July 24 (Reuters) - Equinox India Developments Ltd EQUN.NS:
EQUINOX INDIA DEVELOPMENTS - DELISTING OF GDR'S OF CO FROM LUXEMBOURG STOCK EXCHANGE
Further company coverage: EQUN.NS
(([email protected];))
Indiabulls Real Estate - Acquired Embassy Residency Proposed High-Rise Residential Development Project For 1.20 Billion Rupees
Indiabulls Real Estate Ltd INRL.NS:
INDIABULLS REAL ESTATE - ACQUIRED EMBASSY RESIDENCY PROPOSED HIGH-RISE RESIDENTIAL DEVELOPMENT PROJECT FOR 1.20 BILLION RUPEES
INDIABULLS REAL ESTATE - ACQUIRED EMBASSY EAST AVENUE PROPOSED RESIDENTIAL DEVELOPMENT PROJECT FOR 1.17 BILLION RUPEES
Source text for Eikon: ID:nBSE5mfMYg
Further company coverage: INRL.NS
Indiabulls Real Estate Ltd INRL.NS:
INDIABULLS REAL ESTATE - ACQUIRED EMBASSY RESIDENCY PROPOSED HIGH-RISE RESIDENTIAL DEVELOPMENT PROJECT FOR 1.20 BILLION RUPEES
INDIABULLS REAL ESTATE - ACQUIRED EMBASSY EAST AVENUE PROPOSED RESIDENTIAL DEVELOPMENT PROJECT FOR 1.17 BILLION RUPEES
Source text for Eikon: ID:nBSE5mfMYg
Further company coverage: INRL.NS
Indiabulls Real Estate Says Unit Indiabulls Constructions Completed Acquisition Of Sky Forest Projects
April 30 (Reuters) - Indiabulls Real Estate Ltd INRL.NS:
UNIT INDIABULLS CONSTRUCTIONS HAS COMPLETED ACQUISITION OF SKY FOREST PROJECTS
ENTERPRISE VALUE OF DEAL APPROXIMATELY 6.47 BILLION RUPEES
Further company coverage: INRL.NS
(([email protected];;))
April 30 (Reuters) - Indiabulls Real Estate Ltd INRL.NS:
UNIT INDIABULLS CONSTRUCTIONS HAS COMPLETED ACQUISITION OF SKY FOREST PROJECTS
ENTERPRISE VALUE OF DEAL APPROXIMATELY 6.47 BILLION RUPEES
Further company coverage: INRL.NS
(([email protected];;))
Indiabulls Real Estate Approves Fund-Raise Worth 39.11 Bln Rupees
April 5 (Reuters) - Indiabulls Real Estate Ltd INRL.NS:
APPROVED FUND-RAISE VIA PREFERENTIAL ISSUE OF EQUITY SHARES AND CONVERTIBLE WARRANTS
APPROVED FUND-RAISE WORTH 39.11 BILLION RUPEES
APPROVED FUND-RAISE ON A PRIVATE PLACEMENT BASIS
APPROVED ACQUISITION OF EMBASSY RESIDENCY FOR AN ENTERPRISE VALUE AT 1.21 BILLION RUPEES
APPROVED ACQUISITION OF EMBASSY EAST AVENUE FOR AN ENTERPRISE VALUE AT 1.17 BILLION RUPEES
APPROVED ACQUISITION OF EMBASSY EDEN FOR AN ENTERPRISE VALUE OF 4.66 BILLION RUPEES
APPROVED ACQUISTION OF BLU ANNEX FOR AN ENTERPRISE VALUE OF 11.5 BILLION RUPEES
Source text for Eikon: ID:nBSEb9XVkt
Further company coverage: INRL.NS
(([email protected];))
April 5 (Reuters) - Indiabulls Real Estate Ltd INRL.NS:
APPROVED FUND-RAISE VIA PREFERENTIAL ISSUE OF EQUITY SHARES AND CONVERTIBLE WARRANTS
APPROVED FUND-RAISE WORTH 39.11 BILLION RUPEES
APPROVED FUND-RAISE ON A PRIVATE PLACEMENT BASIS
APPROVED ACQUISITION OF EMBASSY RESIDENCY FOR AN ENTERPRISE VALUE AT 1.21 BILLION RUPEES
APPROVED ACQUISITION OF EMBASSY EAST AVENUE FOR AN ENTERPRISE VALUE AT 1.17 BILLION RUPEES
APPROVED ACQUISITION OF EMBASSY EDEN FOR AN ENTERPRISE VALUE OF 4.66 BILLION RUPEES
APPROVED ACQUISTION OF BLU ANNEX FOR AN ENTERPRISE VALUE OF 11.5 BILLION RUPEES
Source text for Eikon: ID:nBSEb9XVkt
Further company coverage: INRL.NS
(([email protected];))
Indiabulls Real Estate To Consider And Approve Proposal For Raising Of Funds
April 2 (Reuters) - Indiabulls Real Estate Ltd INRL.NS:
INDIABULLS REAL ESTATE LTD - TO CONSIDER AND APPROVE PROPOSAL FOR RAISING OF FUNDS
Source text for Eikon: ID:nBSE5kJLyb
Further company coverage: INRL.NS
(([email protected];))
April 2 (Reuters) - Indiabulls Real Estate Ltd INRL.NS:
INDIABULLS REAL ESTATE LTD - TO CONSIDER AND APPROVE PROPOSAL FOR RAISING OF FUNDS
Source text for Eikon: ID:nBSE5kJLyb
Further company coverage: INRL.NS
(([email protected];))
Indiabulls Real Estate falls on order to vacate from SEZ project land
** Shares of Indiabulls Real Estate INRL.NS down 6% at 110.85 rupees
** Co says Maharashtra Industrial Development Corp issued order directing co, unit to vacate vacation land in processing zone of SEZ at Sinnar within one month
** Co evaluating legal options
** Stock only marginally above 50-day moving average of 106.15 rupees
** Stk up over 26% YTD after gaining 7.4% in 2023
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
** Shares of Indiabulls Real Estate INRL.NS down 6% at 110.85 rupees
** Co says Maharashtra Industrial Development Corp issued order directing co, unit to vacate vacation land in processing zone of SEZ at Sinnar within one month
** Co evaluating legal options
** Stock only marginally above 50-day moving average of 106.15 rupees
** Stk up over 26% YTD after gaining 7.4% in 2023
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
Indiabulls Real Estate Says MIDC Issued Vacation Order Directing Co And IIIL
March 5 (Reuters) - Indiabulls Real Estate Ltd INRL.NS:
MIDC ISSUED VACATION ORDER DIRECTING CO AND IIIL TO VACATE LAND IN NASHIK, MAHARASHTRA
CO EVALUATING LEGAL OPTIONS TO SEEK REDRESSAL AGAINST SAID ORDER
Source text for Eikon: ID:nNSE8Z3zdK
Further company coverage: INRL.NS
(([email protected];))
March 5 (Reuters) - Indiabulls Real Estate Ltd INRL.NS:
MIDC ISSUED VACATION ORDER DIRECTING CO AND IIIL TO VACATE LAND IN NASHIK, MAHARASHTRA
CO EVALUATING LEGAL OPTIONS TO SEEK REDRESSAL AGAINST SAID ORDER
Source text for Eikon: ID:nNSE8Z3zdK
Further company coverage: INRL.NS
(([email protected];))
Indiabulls Real Estate Posts Sept-Quarter Consol Net Loss
Oct 31 (Reuters) - Indiabulls Real Estate Ltd INRL.NS:
SEPT-QUARTER CONSOL NET LOSS 184.3 MILLION RUPEES VERSUS PROFIT 565.6 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 963.6 MILLION RUPEES VERSUS 1.94 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: INRL.NS
(([email protected];))
Oct 31 (Reuters) - Indiabulls Real Estate Ltd INRL.NS:
SEPT-QUARTER CONSOL NET LOSS 184.3 MILLION RUPEES VERSUS PROFIT 565.6 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 963.6 MILLION RUPEES VERSUS 1.94 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: INRL.NS
(([email protected];))
India's realty, bank stocks rise on report govt mulls housing loan interest subsidy
** India's Nifty Realty Index .NIFTYREAL and Nifty Bank Index .NSEBANK rise after Reuters report India considering housing loan interest subsidy scheme
** Nifty Realty index .NIFTYREAL and Nifty Bank index .NSEBANK closed 1.52% and 0.35% higher, respectively
** India is considering spending 600 billion rupees ($7.22 billion) to provide subsidised loans for small urban housing over the next five years, two govt sources told Reuters
** Shares of Indiabulls Real Estate INRL.NS and Sobha Ltd SOBH.NS closed 9.3% and 5.4% higher, respectively
** Shares of Punjab National Bank PNBK.NS and Kotak Mahindra Bank KTKM.NS closed 3.5% and 1.6% higher, respectively
($1 = 83.1140 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected] ;))
** India's Nifty Realty Index .NIFTYREAL and Nifty Bank Index .NSEBANK rise after Reuters report India considering housing loan interest subsidy scheme
** Nifty Realty index .NIFTYREAL and Nifty Bank index .NSEBANK closed 1.52% and 0.35% higher, respectively
** India is considering spending 600 billion rupees ($7.22 billion) to provide subsidised loans for small urban housing over the next five years, two govt sources told Reuters
** Shares of Indiabulls Real Estate INRL.NS and Sobha Ltd SOBH.NS closed 9.3% and 5.4% higher, respectively
** Shares of Punjab National Bank PNBK.NS and Kotak Mahindra Bank KTKM.NS closed 3.5% and 1.6% higher, respectively
($1 = 83.1140 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected] ;))
India's Bombay Dyeing hits 5-year high, lifts realty stocks on land sale
** Bombay Dyeing BDYN.NS surges 20% to 5-year high of 168.60 rupees
** Realty-to-textile company sells land parcel for $627 mln
** Nifty realty index .NIFTYREAL jumps 1.3%, with 9 out of 10 stocks higher (Bombay Dyeing not on the index)
** Indiabulls INRL.NS, Oberoi Realty OEBO.NS and Prestige PREG.NS top gainers on the index, in that order
** Likelihood of Fed rate pause also a boost, analyst says
** Bombay Dyeing last up ~16%, set for best one-day gain since June 2020, with stock set for busiest trading day since April 2022
** BDYN has now doubled in value so far this year, well above realty index's 36% jump; Nifty 50 .NSEI up ~11%
(Reporting by Savio Dsouza)
(([email protected];))
** Bombay Dyeing BDYN.NS surges 20% to 5-year high of 168.60 rupees
** Realty-to-textile company sells land parcel for $627 mln
** Nifty realty index .NIFTYREAL jumps 1.3%, with 9 out of 10 stocks higher (Bombay Dyeing not on the index)
** Indiabulls INRL.NS, Oberoi Realty OEBO.NS and Prestige PREG.NS top gainers on the index, in that order
** Likelihood of Fed rate pause also a boost, analyst says
** Bombay Dyeing last up ~16%, set for best one-day gain since June 2020, with stock set for busiest trading day since April 2022
** BDYN has now doubled in value so far this year, well above realty index's 36% jump; Nifty 50 .NSEI up ~11%
(Reporting by Savio Dsouza)
(([email protected];))
Indiabulls Real Estate rises on COO appointment
** Shares of Indiabulls Real Estate INRL.NS rises as much as 6.2% to 79 rupees, touching their highest level since Jan. 9
** Stock on track for a fourth consecutive session of gains
** Co appoints Atul Chandra as Chief Operating Officer (COO)
** More than 34 mln shares changed hands by 2:54 p.m. IST, about 2.6x 30-day avg
** As of last close, stock down 8.3% YTD
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
** Shares of Indiabulls Real Estate INRL.NS rises as much as 6.2% to 79 rupees, touching their highest level since Jan. 9
** Stock on track for a fourth consecutive session of gains
** Co appoints Atul Chandra as Chief Operating Officer (COO)
** More than 34 mln shares changed hands by 2:54 p.m. IST, about 2.6x 30-day avg
** As of last close, stock down 8.3% YTD
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
Indiabulls Real Estate To Consider Raising Of Funds Via Issue Of Convertible Or Non-Convertible Securities Via Private Placement
Aug 4 (Reuters) - Indiabulls Real Estate Ltd INRL.NS:
INDIABULLS REAL ESTATE LTD - TO CONSIDER RAISING OF FUNDS VIA ISSUE OF CONVERTIBLE OR NON-CONVERTIBLE SECURITIES VIA PRIVATE PLACEMENT
Source text for Eikon: ID:nBSE7dMld2
Further company coverage: INRL.NS
(([email protected];))
Aug 4 (Reuters) - Indiabulls Real Estate Ltd INRL.NS:
INDIABULLS REAL ESTATE LTD - TO CONSIDER RAISING OF FUNDS VIA ISSUE OF CONVERTIBLE OR NON-CONVERTIBLE SECURITIES VIA PRIVATE PLACEMENT
Source text for Eikon: ID:nBSE7dMld2
Further company coverage: INRL.NS
(([email protected];))
India's realty index hits near five-month high; Indiabulls leads
** India's real estate index .NIFTYREAL rises as much as 1.69% to a near-five-month high on Tuesday
** Realty is the top sectoral gainer with nine of the 10 constituents logging gains; Nifty 50 up over 0.5%
** Realty index up 17% in 2023 compared to 2.7% rise for Nifty 50
** Indiabulls Real Estate INRL.NS is the top gainer, up over 4%; Godrej Properties GODR.NS up over 3% and Prestige Estate PREG.NS up 2% among top gainers in the realty index
** Strong demand in residential real estate powered the rise in pre-sales in record high in Q4FY23, says Kotak Institutional Equities
** Reiterates attractive view on the sector, due to strong operational performance by realty firms
** Performance of listed firms reflected industry strength, with DLF, Macrotech, Prestige and Godrej Properties posting improved sales volumes
** Announcement of rate pause to address potential risks to demand previously seen by investors, says Kotak
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** India's real estate index .NIFTYREAL rises as much as 1.69% to a near-five-month high on Tuesday
** Realty is the top sectoral gainer with nine of the 10 constituents logging gains; Nifty 50 up over 0.5%
** Realty index up 17% in 2023 compared to 2.7% rise for Nifty 50
** Indiabulls Real Estate INRL.NS is the top gainer, up over 4%; Godrej Properties GODR.NS up over 3% and Prestige Estate PREG.NS up 2% among top gainers in the realty index
** Strong demand in residential real estate powered the rise in pre-sales in record high in Q4FY23, says Kotak Institutional Equities
** Reiterates attractive view on the sector, due to strong operational performance by realty firms
** Performance of listed firms reflected industry strength, with DLF, Macrotech, Prestige and Godrej Properties posting improved sales volumes
** Announcement of rate pause to address potential risks to demand previously seen by investors, says Kotak
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
Indiabulls Real Estate Appoints Manish Kumar Sinha As Chief Financial Officer
May 17 (Reuters) - Indiabulls Real Estate Ltd INRL.NS:
APPOINTS MANISH KUMAR SINHA AS CHIEF FINANCIAL OFFICER
Source text for Eikon: ID:nBSE2lwYnY
Further company coverage: INRL.NS
(([email protected];))
May 17 (Reuters) - Indiabulls Real Estate Ltd INRL.NS:
APPOINTS MANISH KUMAR SINHA AS CHIEF FINANCIAL OFFICER
Source text for Eikon: ID:nBSE2lwYnY
Further company coverage: INRL.NS
(([email protected];))
Indiabulls Real Estate Says Merger Of NAM Estates And Embassy One Into Indiabulls Real Estate Faces Delay
May 9 (Reuters) - Indiabulls Real Estate Ltd INRL.NS:
MERGER OF NAM ESTATES AND EMBASSY ONE INTO INDIABULLS REAL ESTATE FACES DELAY
SANCTION TO MERGER OF NAM AND EMBASSY ONE INTO IBREL WITHHELD BY NATIONAL COMPANY LAW TRIBUNAL
Source text for Eikon: ID:nBSE4GPjls
Further company coverage: INRL.NS
(([email protected];;))
May 9 (Reuters) - Indiabulls Real Estate Ltd INRL.NS:
MERGER OF NAM ESTATES AND EMBASSY ONE INTO INDIABULLS REAL ESTATE FACES DELAY
SANCTION TO MERGER OF NAM AND EMBASSY ONE INTO IBREL WITHHELD BY NATIONAL COMPANY LAW TRIBUNAL
Source text for Eikon: ID:nBSE4GPjls
Further company coverage: INRL.NS
(([email protected];;))
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What does Embassy Developments do?
Indiabulls Real Estate Limited is a leading developer in Mumbai and NCR, specializing in residential, commercial, and SEZ projects across key Indian metros like MMR, NCR, as well as other cities. They offer a diverse range of residential developments in mid-income, premium, and luxury segments.
Who are the competitors of Embassy Developments?
Embassy Developments major competitors are Sobha, Signatureglobal Ind., Valor Estate, Ganesh Housing Corp, Anant Raj, Keystone Realtors, Sunteck Realty. Market Cap of Embassy Developments is ₹13,399 Crs. While the median market cap of its peers are ₹10,040 Crs.
Is Embassy Developments financially stable compared to its competitors?
Embassy Developments seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Embassy Developments pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Embassy Developments latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Embassy Developments allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances
How strong is Embassy Developments balance sheet?
Balance sheet of Embassy Developments is strong. But short term working capital might become an issue for this company.
Is the profitablity of Embassy Developments improving?
The profit is oscillating. The profit of Embassy Developments is -₹283.86 Crs for TTM, -₹1,038.65 Crs for Mar 2024 and -₹608.38 Crs for Mar 2023.
Is the debt of Embassy Developments increasing or decreasing?
Yes, The debt of Embassy Developments is increasing. Latest debt of Embassy Developments is ₹276 Crs as of Sep-24. This is greater than Mar-24 when it was ₹44.42 Crs.
Is Embassy Developments stock expensive?
Embassy Developments is not expensive. Latest PE of Embassy Developments is 0.0, while 3 year average PE is 61.55. Also latest EV/EBITDA of Embassy Developments is 0.0 while 3yr average is 7.38.
Has the share price of Embassy Developments grown faster than its competition?
Embassy Developments has given lower returns compared to its competitors. Embassy Developments has grown at ~-18.36% over the last 1yrs while peers have grown at a median rate of -7.06%
Is the promoter bullish about Embassy Developments?
There is Insufficient data to gauge this.
Are mutual funds buying/selling Embassy Developments?
The mutual fund holding of Embassy Developments is decreasing. The current mutual fund holding in Embassy Developments is 2.69% while previous quarter holding is 4.17%.