Vodafone Idea has received approval from the board of directors for raising of up to Rs 2,075 crore from Oriana Investments, an Aditya Birla Group entity.
Embassy Group, led by chairman Jitendra Virwani, plans to infuse additional capital and assets into Indiabulls Real Estate Limited (IREL), of which it holds the largest stake. The merger of Embassy s residential and commercial projects with IREL, once approved by the National Company Law Appellate Tribunal, will create the country s largest real estate developer.
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