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Embassy Developments allotted 93,18,900 equity shares to promoter group entity Embassy Property Developments on conversion of warrants. The company received the balance consideration of about Rs.77.94 Crore, completing the warrant conversion.
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.
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.
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%.
Embassy Developments allotted 1.10 crore shares to a promoter entity on warrant conversion. Balance consideration of Rs.91.99 Crore received.