Embassy Developments Promoters Complete ₹1,160 Crore Fund Infusion

Bengaluru/ Mumbai, October 14, 2025: Real estate developer Embassy Developments Limited has announced that its promoters have completed 100 per cent warrants subscription through the final tranche of INR 67.7 crore, taking the total promoter infusion to INR 1,160 crore. The investment was made through the conversion of warrants into equity shares at a price of INR 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.

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 INR 2 each have been allotted to the promoter group and its associated entities at a price of INR 111.51 per share, taking the promoter and promoter group shareholding in EDL to ~41.4 per cent.

Embassy Developments Limited CFO Rajesh Kaimal 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.”