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We came up with another write up this weekend on the merger between #IBREALEST and the embassy group. We have tried to cover all the aspects of the merger. Do give it a read and share your thoughts 🙂
A thread 🧵
#indiabulls
may27capital.substack.com/p/special-situ…
A thread 🧵
#indiabulls
may27capital.substack.com/p/special-situ…
Indiabulls Real Estate Limited (#IBREALEST ) will be merged with the Embassy group to form “Embassy Developments Ltd” becoming one of India’s largest listed real estate companies.
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It will be co-headquartered in Mumbai and Bengaluru. Post-merger, Chairman of #Embassy group Mr. Jitendra Virwani, and others will be classified as new promoters of the merged entity. Former promoter Sameer Gehlaut of IBREL group will be declassified as a promoter.
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