BOM:532832

2 stories mentioning BOM:532832Updated 4d ago

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Embassy Developments Awards INR8.50 Billion Construction Contract for Mumbai, India Project

Embassy Developments (NSE:EMBDL, BOM:532832) has awarded a construction contract worth more than 8.50 billion Indian rupees to Leighton Asia for its Embassy Citadel residential project in Worli, Mumbai, according to a Monday filing on Indian bourses.The contract covers civil and structural works for the project, the filing said.Embassy Citadel spans about 1.6 million square feet and is planned to include 316 apartments and two triplex mansion homes. The project has an estimated gross development value of about 88 billion rupees, the company said in the filing.Shares of the company jumped over 6% in recent trade.

BOM:532832NSE:EMBDL

Asia59d ago

Embassy Developments Voluntarily Strikes Off Two Step-Down Subsidiaries

Real estate developer Embassy Developments (NSE:EMBDL, BOM:532832) has voluntarily struck off some of its non-operational subsidiaries from the register of companies maintained by the Register of Companies in India, according to a Tuesday filing to the Indian stock exchanges.The company had voluntarily filed an application with the Registrar of Companies to strike off two step-down subsidiaries, Varali Real Estate and Devona Infrastructure.The dissolution is part of the company's ongoing initiative to simplify its corporate structure and reduce administrative and compliance costs.

BOM:532832NSE:EMBDL

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