Embassy to take control of Indiabulls Real Estate after merging 11 projects
Real Estate

Embassy to take control of Indiabulls Real Estate after merging 11 projects

Embassy Group will merge 11 residential and commercial projects with Indiabulls Real Estate as part of an all-stock deal where it will take control of the Mumbai-listed developer. Indiabulls said in a stock exchange filing that chairman Sameer Gehlaut will cease to be its promoter after the mer...

Embassy Group will merge 11 residential and commercial projects with Indiabulls Real Estate as part of an all-stock deal where it will take control of the Mumbai-listed developer. Indiabulls said in a stock exchange filing that chairman Sameer Gehlaut will cease to be its promoter after the merger and that Embassy chairman Jitendra Virwani and his related entities will be the new promoters. Gehlaut has sold a bunch of his realty assets to move away from the sector and focus on the financial services business.Embassy and Indiabulls Real Estate had first announced the planned merger in January. The deal also involved the merged entity raising $200 mn (Rs.14 bn then) from private equity firm Blackstone and others.Contact: Embassy Group.Website: www.embassyindia.com 

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Real Estate

Inspira Realty Plans 8-10 Redevelopment Projects in Mumbai

Inspira Realty, a leading Mumbai-based developer and a part of Inspira Global, has announced plans to undertake 8–10 new redevelopment projects across the city’s key western and southern corridors. With this expansion, the firm is poised to exceed its current Gross Development Value (GDV) of Rs 40 billion and drive forward its urban transformation agenda. The company has commenced the financial year with two development agreements signed in Borivali and Santacruz (W) and is actively negotiating further acquisitions. These projects, expected to span a construction area of 4 million sq ..

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Real Estate

U-Sphere Bags First Private Project with Ceenex in Thiruvananthapuram

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Equipment

Godrej Motor Solutions Targets Rs 10 billion Revenue by FY28

The Motor Solutions business of the Godrej Enterprises Group is aiming for Rs 10 billion  in revenue by FY28, with 20 per cent of this expected from exports. For FY26, the business is targeting Rs750 crore, driven by demand growth across electric vehicles (EVs), HVAC, pumps, and actuators in both domestic and international markets. Xercsis Marker, EVP & Head, Motor Solutions Business, Godrej Enterprises Group, said,  “We are strengthening our manufacturing capabilities through significant R&D investments and advanced technology adoption. We continue to invest in t..

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