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Merger & Restructuring

Embassy Developments Merger & Restructuring

Embassy Developments Limited announced the voluntary strike-off and dissolution of two non-operational step-down subsidiaries, Varali Real Estate Limited and Devona Infrastructure Limited. The move aims to simplify corporate structure and reduce compliance costs. Both entities had nil financial contribution during the last fiscal year, resulting in no material financial impact on the company.

Source

BSE filing, NSE: EMBDL. Summary written from the filing by ALFA Finder's alert engine.

Read the filing ↗

Embassy Developments Ltd: key numbers

Share price
₹51.24
Market cap
₹7,182 Cr
Revenue (annual)
₹1,732 Cr
Net profit (annual)
₹-872.6 Cr
P/E (TTM)
-7.6×Sector 33.7×
Promoter holding
42.68%+0.03% QoQ
FII holding
24.00%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Embassy Developments Ltd

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19:22 IST BSE
Convertible Warrants

Embassy Developments Convertible Warrants

Embassy Developments' promoter group entity converted 2.32 crore warrants into equity at INR 111.51 each. The conversion is valued at INR 258.70 crore.

Value
₹258.7 Cr
17:40 IST BSE
Convertible Warrants

Embassy Developments Convertible Warrants

Embassy Developments allotted 1,22,00,000 equity shares on conversion of preferential warrants. Paid-up capital rises by Rs 2.44 Crore to Rs 282.77 Crore.

Value
₹2.44 Cr
16:41 IST BSE
Convertible Warrants

Embassy Developments Convertible Warrants

Embassy Developments allotted 1,22,00,000 equity shares on conversion of promoter-group warrants, receiving Rs.102.03 Crore balance consideration. The conversion lifts promoter group holding to 43.62%.

Value
₹102.0 Cr

Other merger & restructuring announcements

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19:53 IST NSE
Merger & RestructuringEmkay Global Financial Services Ltd EMKAY

Emkay Global Financial Services Merger & Restructuring Worth ₹30 Cr

Emkay Global approved transferring two subsidiaries to new subsidiary ECPL and slump-selling its wealth business. Up to Rs.30 Crore rights investment in ECPL was also approved.

Value
₹30.00 Cr
Execution
Divestment completion expected within 90 days of SPA execution, subject to regulatory approvals