Embassy Group to merge assets into IBREL to create India's largest realtor

Embassy Group already has around 14 per cent stake in Mumbai-based IBREL and the same will increase to 45 per cent after the merger of assets of these two companies

Indiabulls Real Estate

The combined entity will be renamed Embassy Developments Ltd and will be co-headquartered in Mumbai and Bengaluru

New Delhi
Bengaluru-based realty firm Embassy Group on Tuesday signed an agreement to merge its various housing and commercial projects with Indiabulls Real Estate Ltd (IBREL) and take control of the merged

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First Published: Aug 18 2020 | 10:35 PM IST

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