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Equinox India Developments Ltd ( (IN:EMBDL) ) has shared an announcement.
Embassy Developments Limited has announced the allotment of 41,35,512 equity shares following the conversion of warrants, which were initially issued at INR 111.51 per share. This conversion has resulted in an increase in the company’s paid-up equity share capital to INR 278,12,66,866, comprising 139,06,33,433 equity shares. The move is expected to enhance the company’s financial structure and potentially strengthen its market position.
More about Equinox India Developments Ltd
Embassy Developments Limited, formerly known as Equinox India Developments Limited and earlier Indiabulls Real Estate Limited, operates in the real estate industry. The company focuses on the development of commercial and residential properties in India, with a strong presence in major cities like Bengaluru and Mumbai.
Average Trading Volume: 297,245
Technical Sentiment Signal: Sell
Current Market Cap: 113.5B INR
For a thorough assessment of EMBDL stock, go to TipRanks’ Stock Analysis page.