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Embassy to merge assets with IBREL, create one of India's largest realtors

The proposed merger will be achieved through a cashless scheme of amalgamation

Topics
Real Estate  | Embassy Reit | Indiabulls Real Estate

Samreen Ahmad & Raghavendra Kamath  |  Bengaluru/Mumbai 



M&A, mergers & acquisitions, merger, partnerships, Joint venture, JV
The merged entity called Embassy Developments, which will be co-headquartered in Mumbai and Bengaluru, will have 80.8 million square feet of launched and planned assets

In a rare merger between a publicly listed developer and a private developer, Bengaluru-based Embassy group and (IBREL) on Tuesday said that the assets of Embassy are being merged with IBREL to create one of the largest in the country.

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First Published: Wed, August 19 2020. 00:14 IST

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