IBREL said the sanction to the merger of NAM Estates and Embassy One Commercial Property Developments into IBREL has been withheld by the NCLT, Chandigarh bench
In August 2020, Bengaluru-based realty firm Embassy Group entered into a definitive agreement to merge its certain residential and commercial projects with IBREL through a cashless scheme of amalgamation.
On operational front, company’s sales bookings fall to Rs 297 crore in first quarter of this fiscal year from Rs 350 crore in the corresponding period of previous year
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