Embassy Group aims to complete merger of certain projects with IBREL this year
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Under the terms of the agreement, the IBREL's shares are being valued at Rs92.5 per share.
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. Updated: 26 Feb 2021, 12:27 PM IST PTI
CCI approves the proposed merger of Embassy group firms NAM Estates and Embassy One Commercial Property Developments with Indiabulls Real Estate
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NEW DELHI :
Realty firm Embassy Group on Thursday said it expects to complete the process of merger of its certain housing and commercial projects with the Indiabulls Real Estate by the end of this year.
The Competition Commission of India (CCI) on Wednesday approved the proposed merger of Embassy group firms NAM Estates Pvt Ltd and Embassy One Commercial Property Developments Pvt Ltd with Indiabulls Real Estate Ltd (IBREL).