Embassy Developers Raises Rs. 1,160 Cr to Strengthen Growth

Embassy Developments Limited (“EDL” or “the Company”), one of India’s leading real estate developers, today announced that its promoters have completed 100 percent warrants subscription through the final tranche of Rs. 67.7 crore, taking the total promoter infusion to Rs. 1,160 crore. The investment was made through the conversion of warrants into equity shares at a price of Rs. 111.51 per share.

The funds are being deployed to strengthen the balance sheet, complete ongoing projects, and support future expansion plans across key markets.

Also Read: Embassy Completes Stalled Projects, Delivers 3000 Homes

This infusion follows the conversion of warrants previously issued on a preferential basis. Including this last tranche, a total of ~10.4 Cr fully paid-up equity shares of face value Rs. 2 each have been allotted to the promoter group and its associated entities at a price of ₹111.51 per share, taking the promoter and promoter group shareholding in EDL to ~41.4 percent.

Also Read: Embassy Developments Hands Over Six Legacy Projects

Rajesh Kaimal, Chief Financial Officer, Embassy Developments Limited, said: “The completion of promoter investment reflects their strong confidence in EDL’s strategy and long-term vision. With a strengthened equity base, we are well positioned to accelerate project delivery, pursue strategic growth opportunities, and expand our presence across Bengaluru, Delhi NCR, and the Mumbai Metropolitan Region.”