In what could bolster the company’s capital structure and growth plans, realty company Embassy Developments Limited (EDL) has completed a ₹1,160 crore fund infusion by its promoters through the full subscription of share warrants.

The promoters, led by the Embassy Group, have invested the final tranche of ₹67.7 crore through the conversion of warrants into equity shares at ₹111.51 per share. With this, a total of about 10.4 crore fully paid-up equity shares of face value ₹2 each have been allotted to the promoter group and associated entities. The transaction increases promoter and promoter group shareholding in EDL to approximately 41.4%.

The company said the funds will be utilised to strengthen its balance sheet, support the completion of ongoing projects, and drive future expansion

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