Embassy Developments has announced that its promoters have completed 100% warrants subscription through the final tranche of ₹67.7 crore, taking the total promoter infusion to ₹1,160 crore. The investment was made through the conversion of warrants into equity shares at a price of ₹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 crore rupees fully paid-up equity shares of face value ₹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%.
Rajesh Kaimal, Chief Financial Officer, Embassy Developments, 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.”
