Embassy, Indiabulls Real Estate to merge assets

The definitive agreement for the merger is expected to be placed before the listed company's board by August 15, Indiabulls Real Estate said in a stock exchange filling on Wednesday. As per the plan, Embassy’s 62 million sq ft of real estate assets will be merged with the Mumbai-based company’s 31 million sq ft of assets under development.

from Stocks-Markets-Economic Times https://ift.tt/2CHFbXm

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