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Embassy Developments received Rs 77.94 crore converting warrants, boosting Promoter Group’s stake
30-Oct-2026, 05:42
Embassy Developments Limited, formerly Equinox India Developments Limited, announced the allotment of 93,18,900 fully paid-up equity shares to Embassy Property Developments Private Limited, a member of the Promoter and Promoter Group, following the conversion of outstanding warrants. The company received Rs 77,93,62,904.25, representing 75% of the exercise price for the converted warrants, and the allotment brings the Promoter and Promoter Group’s shareholding to 43.99% of the enhanced paid-up equity share capital, with the conversion of all warrants previously allotted.