Embassy Group, Indiabulls Real Estate await NCLT nod for merger

19 Aug 2021 CW Team

Embassy Group and Indiabulls Real Estate entities, Embassy One Commercial Property Developments Pvt Ltd and NAM Estates Private Limited, have sought permission from the National Company Law Tribunal's (NCLT) for their merger.

The proposed merger has received all other regulatory permissions.

In a regulatory filing, Indiabulls Real Estate said that after receipt of applicable regulatory approvals from BSE Limited (BSE), National Stock Exchange of India (NSE), Competition Commission of India (CCI) and the Securities and Exchange Board of India (SEBI), today the firm has filed the requisite joint application with the jurisdictional bench of NCLT, for its permission to the scheme of merger.

In February, Indiabulls Real Estate had told the media that the proposed merger will form one of India's leading listed real estate development platforms, with a planned and launched development area of 80.8 million sq ft across 30 projects in all the leading cities in India.

The proposed commercial projects in the merged entity will have a rent potential of Rs 4,241 crore. The net surplus from residential launched and planned projects in the merged entity is likely at Rs 18,592 crore.

The combined listed entity shall be controlled 44.9% by Embassy Group, 26.2% by the existing public and institutional shareholders, 9.8% by existing IBREL promoter group and 19.1% by Blackstone group and other Embassy institutional investors.

Image Source

Also read: Yes Bank, Indiabulls Housing enter co-lending pact to offer home loans

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..