EMBDL Allots 53.80 Lakh Equity Shares to Bellanza Developers, Raises ₹44.99 Crore
The infusion of ₹44.99 crore substantially increases the company's paid-up equity share capital, providing significant funds for operations, debt reduction, or future growth initiatives.
The company successfully raised significant capital (₹44.99 crore) through the conversion of warrants, which strengthens its financial position.
* Embassy Developments Limited (EMBDL) has allotted 53,80,500 fully-paid equity shares to Bellanza Developers Private Limited on August 20, 2025. * This allotment is a result of the conversion of 53,80,500 unlisted warrants by Bellanza, which were initially allotted by the company on May 21, 2024. * The shares were issued at an issue price of ₹111.51 per equity share, including a premium of ₹109.51. * The company received a balance consideration of ₹44,99,84,666.25 (Forty Four Crores Ninety Nine Lakh Eighty Four Thousand Six Hundred Sixty Six and Two Five Paisa) from Bellanza, which represents 75% of the issue price for these exercised warrants. * The newly issued equity shares will rank pari passu in all respects with the existing equity shares of the company. * Consequent to this allotment, the paid-up equity share capital of EMBDL has increased to ₹2,74,24,57,926, comprising 137,12,28,963 equity shares. * Bellanza Developers Private Limited's holding in EMBDL has increased to 9,59,30,479 shares, representing 7.00% of the paid-up share capital post-allotment.
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Embassy Developments Limited filed this with the NSE as a statutory disclosure, categorised under fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Embassy Developments Limited. Read the original for the full detail.