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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

Topics
Indiabulls Real Estate | Embassy group | Real Estate

Press Trust of India  |  New Delhi 



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

Bengaluru-based realty firm on Tuesday signed an agreement to merge its various housing and commercial projects with Ltd (IBREL) and take control of the merged entity.

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First Published: Tue, August 18 2020. 22:35 IST

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