Nifty, Sensex losing upward momentum – Wednesday closing report moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
Indiabulls Real Estate and Embassy Group entities, NAM Estates Pvt Ltd and Embassy One Commercial Property Developments Pvt Ltd, have sought approval from the National Company Law Tribunal s (NCLT) for their merger.The proposed merger has .
Indiabulls Real Estate, Embassy Group arms seek NCLT nod for merger moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
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).
Domestic markets closed with massive gains in a session marred by a technical glitch and look set to extend their winning run to the third day today amid strong cues from global peers. However, volatility could remain high ahead of the February F&O expiry, and high crude oil prices could cap gains for the indices. At 7.20 am, SGX Nifty futures traded slightly higher at 15,030. In the overnight session, US Fed s Jerome Powell once again soothed investors fears over inflation and drove Wall Street higher. Powell, in a second day of testimony in Washington, said it may take more than three years to reach the central bank’s inflation goals, a sign the Fed plans leave interest rates unchanged for a long time to come. Besides, the US regulator said Johnson & Johnson’s Covid-19 vaccine is safe and effective, further boosting the market sentiment.