Embassy Developments Promoters Infuse Rs 11.60 billion

15 Oct 2025 CW Team

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.”

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..