Indiabulls Real Estate rises with arm acquiring 100% stake in ILPL for Rs 685 crore

Embassy Developments Ltd. | Construction - Real Estate | Construction & Infrastructure | BSE: 532832 | NSE: EMBDL

15 Mar 2017 Evaluate

Indiabulls Real Estate is currently trading at Rs. 81.95, up by 0.40 points or 0.49% from its previous closing of Rs. 81.55 on the BSE.

The scrip opened at Rs. 82.00 and has touched a high and low of Rs. 82.75 and Rs. 81.70 respectively. So far 1,21,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 105.25 on 30-May-2016 and a 52 week low of Rs. 51.35 on 17-Mar-2016.

Last one week high and low of the scrip stood at Rs. 83.60 and Rs. 78.10 respectively. The current market cap of the company is Rs. 4,152.00 crore.

The promoters holding in the company stood at 47.78%, while Institutions and Non-Institutions held 20.77% and 31.45% respectively.

Indiabulls Real Estate’s wholly owned subsidiary (WOS) - Indiabulls Infrastructure (IIL) has signed a definitive agreement to acquire 100% share capital of India Land and Properties (ILPL), for an aggregate consideration of Rs 685 crore, from Indiabulls Distribution Services (a WOS of Indiabulls Ventures), and the deal is expected to be completed in the current financial year. Post completion of the deal, ILPL will become 100% WOS of the company.

ILPL owns a commercial complex of 3 towers with total constructed area of 2.67 million square feet and leasable area of 1.94 million square feet, spread over total land of over 8.84 acres at Ambattur Industrial Estate, Chennai. Some of the lessees of these towers are RBS, Yes Bank, Kone, Ajuba, Covenant, MSC service centre, HGS, Access Healthcare etc. The said complex has been designed in compliance to the National Building Codes by internationally acclaimed ZAHA HADID, UK, ‘Laureate Pritzker’ Prize Winner (2004) and it’s a GOLD rated GREEN Building.

Indiabulls Real Estate is engaged in real estate development, directly as well as through various subsidiaries and associate companies. The main focus of the company is construction and development of properties, project management, investment advisory and construction services.

Embassy Developments Share Price

69.98 0.40 (0.57%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Lodha Developers	965.60
Dilip Buildcon	478.50
DLF	608.40
Oberoi Realty	1703.85
Ahluwalia Contract(I	847.50
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