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Indiabulls Real Estate Limited receives CCI, BSE, NSE and SEBI approval for merger Posted On: 2021-02-24 09:16:30 (Time Zone: Arizona, USA) Today the Competition Commission of India ( CCI ) has approved the Merger of NAM Estates and Embassy One with Indiabulls Real Estate Limited. Further, the Company has also received other requisite regulatory approvals, from National Stock Exchange of India ( NSE ), BSE Limited ( BSE ), the Securities and Exchange Board of India ( SEBI ), and shall proceed with filing of requisite application with NCLT for its approval to the Scheme of Merger. The proposed Merger will create one of India s leading listed real estate development platforms, with launched and planned development area of 80.8 million Sq ft across 30 projects in all leading cities in India. The planned commercial projects in combined entity will have a rent potential of Rs 4241 crores. The net surplus from residential launched and planned projects in combined entity is expect

United statesPromoter groupIndiabulls real estateEmbassy groupNational stock exchange of indiaCompetition commission of indiaExchange board of indiaReal estate limitedTime zoneCompetition commissionEmbassy oneNational stock exchangeExchange boardMutual fundsNew issuePublic issue