Indiabulls Real Estate, Embassy Group merger seeks NCLT nod

18 Aug 2021 CW Team

Indiabulls Real Estate Limited (IBREL) and Embassy Group entities, NAM Estates Private Limited, and Embassy One Commercial Property Developments Private Limited (EOCPDPL) have sought approval for their merger from the National Company Law Tribunal (NCLT).

The proposed merger has already got all other regulatory approvals.

After obtaining regulatory approvals from the competition commission of India (CCI), BSE Limited (BSE), national stock exchange of India (NSE), and the securities and exchange board of India (SEBI), the group has filed for approval, said the Indiabulls real estate.

Indiabulls Real Estate said that the group has filed the requisite joint application today for its approval to the merger scheme with the jurisdictional bench of NCLT.

In February, Indiabulls Real Estate had said that the proposed merger would build one of India's leading listed real estate development platforms, with a proposed development area of 80.8 million sq ft across 30 projects in all India's leading cities.

Earlier, Indiabulls Real Estate had said that the proposed commercial projects in the merged entity would have a rent potential of Rs 4,241 crore. The net surplus from residential launched and planned projects in the merged entity is anticipated at Rs 18,592 crore.

The combined listed entity shall be held 44.9% by Embassy Group, 9.8% by existing IBREL promoter group, 26.2% by the current public and institutional shareholders, 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

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..