Bengaluru-based Embassy group, which had in 2015 formed a JV with PE firm Warburg Pincus to build industrial parks, is in talks with few potential buyers to monetise completed and under-construction assets of the JV.
IBREL said a panel will be constituted to value the projects proposed to be merged and arrive at a swap ratio
In June 2019, the promoters of IBREL sold 14 percent stake through open market transactions to Embassy Group for Rs 950 crore, as part of their strategy to focus on financial services and exit from realty business.
Under the Embassy Cares programme, around 2,50,000 meals have been distributed to daily wage workers and migrant families across several locations in Bengaluru.
The expansion plans include Bengaluru, Hyderabad, Mumbai, Pune and Delhi NCR with a vision to take the brand international over the next few years.
The company has set up a new company - EPDPL Co-Living - to cater to the segment, it said in a statement.
The NCDs will be listed on the Wholesale Debt Market segment of the BSE.
Embassy Group has a strong presence in the commercial office space sector across key Indian markets.
Embassy Services, which is Bengaluru-based Embassy Group's property management division, posted around Rs 750 crore revenue during last fiscal.
The company, in a joint venture with Blackstone, has developed business parks covering about 34 million sq ft of office space.
The REIT listing is unlikely to spark a rush for more listings, according to experts.
The revised REIT will include assets operated by partner Blackstone in the National Capital Region (NCR) and Mumbai
Global investment firm Blackstone-backed Embassy Office Parks is likely to file the draft prospectus with market regulator Sebi by next month to launch the country's first REIT, they added. Its REIT is already registered with Sebi.
This is the first time in recent years that the company is launching flats priced below Rs 1 crore.
Bengaluru-based Embassy group, which is a leading player in commercial real estate in the country with huge portfolio of office assets, has already roped in global hospitality major Hilton to manage these hotels.
The 500-room dual-branded hotel that features a Hilton Hotels & Resorts and a Hilton Garden Inn hotel will be located within the 100-acre Embassy TechVillage Business Park in South Bengaluru, according to a statement.
Developed by Embassy Group, Embassy One houses lifestyle residences. India’s first Four Seasons Private Residences in Bengaluru, are a part of this marquee destination
In an interview with CNBC-TV18, Jitendra Mohandas Virwani said that he won't be increasing his stake any more as the price has moved too high.
Embassy Industrial Parks a joint venture between Embassy Group, India’s leading property developer and Warburg Pincus signed an MoU with the ...
Mr. Jo Johnson, UK Minister of State for Universities and Science and Mr. Dominic McAllister, UK Deputy High Commissioner for Bangalore, visited ...
Styletag.com, India’s first online curated fashion and lifestyle startup announced that it has raised INR 50 crore in angel funding from ...
Embassy Group, a leading Indian property developer, today signed an MoU with the Government of Tamil Nadu at the Tamil Nadu Global Investors Meet ...
The second edition of the Embassy Pedal for the Planet corporate cycling event organized by Embassy Group, India’s leading property developer, ...
Flipkart has signed up to lease 2 million sq feet commercial space from the Embassy Group at an annual rent of about Rs 180 crore
Blackstone and Embassy Group may have expressed an interest in the property, sources say.