Embassy Developments (EDL), one of India’s leading real estate developers, has announced the completion of a Rs 11.60 billion promoter fund infusion, following the final tranche of Rs 677 million through full subscription of warrants. The investment was made via the conversion of warrants into equity shares at Rs 111.51 per share.

The funds will be utilised to strengthen the company’s balance sheet, complete ongoing projects, and support expansion across key markets. With the completion of this tranche, approximately 10.4 crore fully paid-up equity shares of face value Rs 2 each have been allotted to the promoter group and its associated entities at Rs 111.51 per share, raising the promoter and promoter group shareholding in EDL to around 41.4 per cent.

Rajesh Kaimal, Chief Financial Officer, Embassy Developments Limited, said, “The completion of promoter investment reflects their strong confidence in EDL’s strategy and long-term vision. With a strengthened equity base, we are well positioned to accelerate project delivery, pursue strategic growth opportunities, and expand our presence across Bengaluru, Delhi NCR, and the Mumbai Metropolitan Region.”