Embassy Developments share news, announcements and annual reports

NSE: EMBDLBSE: 532832RealtySmall Cap

Embassy Developments Limited · Formerly Equinox India Developments · Face value ₹2 · Listed Mar 2007
Last close ₹49.48down ₹1.36 (2.68%)BSE ₹49.46

Share price at the NSE close on 30 Oct 2026. Previous close ₹50.84.

30 Oct: open ₹51.40, high ₹51.40, low ₹49.00

52-week range of traded prices to 30 Oct 2026
₹39.46Low, 30 Mar 2026₹96.69High, 4 Nov 2025
Market cap
₹6,881 Cr623rd largest listed
P/E
Lossover the last 12 months
P/B
0.70
Dividend yield
Nonein the last 12 months
ROE
−9.8%
ROCE
−4.3%
Debt to equity
0.52
Volume, NSE
31,34,26949.1% delivered

Embassy Developments share news and announcements

1,169 announcements, routine notices left out, newest first. Page 23 of 24.

  1. May 2009

    • 5 May · Updates

      Indiabulls Real Estate Limited had informed the Exchange regarding the allotment of 4,30,00,000 warrants on November 5, 2007. The Company has now informed the Exchange that "As per the terms of issue of these warrants, upon payment of exercise price of Rs.540 per warrant, as reduced by 10% upfront money paid at the time of allotment of warrants, the warrant holders were entitled to apply for and obtain allotment of one Equity share of the face value Rs.2 each fully paid-up of the Company, against each warrant held. The latest date for exercise of such right was May 4, 2009. In this connection, please be informed that the warrant holders have not exercised their right to convert their warrants into Equity shares of the Company by the said date and hence, the warrants allotted in their favour now stand lapsed".

  2. Apr 2009

    • 24 Apr · Board meeting

      "The Board of Directors of Indiabulls Real Estate Limited ("the Company") has, at its meeting held today, April 24, 2009, decided to obtain the approval of the Members under Section 81(1A) of the Companies Act, 1956 to issue Equity Shares or Fully Convertible Debentures / Partly Convertible Debentures / Optionally Convertible Debentures or any other securities (other than warrants) convertible into or exchangeable with the Equity Shares of the Company, within the meaning of Chapter XIII-A of SEBI (Disclosure and Investor Protection) Guidelines, 2000, as amended up to date, for Qualified Institutions Placement for an amount up to USD 600 million or its Indian Rupee equivalent, to Qualified Institutional Buyers (QIBs)". Further the Company has informed that it was also decided at the said Board Meeting that in order to obtain the consent of the Members for the aforesaid matter, an Extraordinary General Meeting of the Members of the Company be convened on May 18, 2009.

    • 23 Apr · Results

      Company has opted to publish its audited financial results, for the financial year ended March 31, 2009, by June 30, 2009 (i.e. within three months from the end of financial year), instead of publishing unaudited financial results for the last quarter ended March 31, 2009.

  3. Feb 2009

    • 9 Feb · Updates

      With reference to the allotment of 1,50,00,000 warrants made by the Company on August 9, 2007 to the Promoters of the Company on a preferential basis. As per the terms of issue of these warrants, upon payment of exercise price of Rs. 300/- per warrant, as reduced by 10% upfront money paid at the time of allotment of warrants, the warrant holders were, within a period of eighteen months from the date of allotment of the said warrants, entitled to apply for and obtain allotment of one Equity share of face value Rs. 2/- each fully paid-up of the Company, against each warrant held. The last date for exercise of such right was February 8, 2009. In this connection, the Company has informed that the warrant holders have not exercised their right to convert their warrants into Equity shares of the Company by the said date and hence, the warrants allotted in their favour now stand lapsed.

  4. Jan 2009

    • 30 Jan · Disclosure

      Compensation Committee constituted by the Board of Directors of the Company has, at its meeting held on January 30, 2009 granted, under the "Indiabulls Real Estate Limited Employees Stock Option Scheme - 2008 (II)", 20,00,000 (Twenty lacs) stock options representing an equal number of equity shares of face value Rs. 2/- each in the Company, to the eligible employees, at an exercise price of Rs. 110.50 each, being the latest available closing market price on the National Stock Exchange of India Ltd. as on January 29, 2009. The stock options so granted, shall vest in the eligible employees within 10 years beginning from January 31, 2010, the first vesting date. The stock options granted under each of the slabs, can be exercised by the grantees within a period of five years from the relevant vesting date.

    • 30 Jan · Results

      Consolidated Results for the quarter ended on 31-DEC-2008 as follows: Net Sales of Rs. 3894.85 lacs for quarter ending on 31-DEC-2008 against Rs. 8156.46 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 1132.77 lacs for the quarter ending on 31-DEC-2008 against Rs. 2584.37 lacs for the quarter ending on 30-SEP-2008.

    • 30 Jan · Results

      Standalone Results for the quarter ended on 31-DEC-2008 as follows: Net Sales of Rs. 1463.49 lacs for quarter ending on 31-DEC-2008 against Rs. 1463.48 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 677.82 lacs for the quarter ending on 31-DEC-2008 against Rs. 687.86 lacs for the quarter ending on 30-SEP-2008.

    • 29 Jan · News Verification

      News Verification : The media had reports that Indiabulls Real Estate Limited may divest partially or fully its commercial development at Lower Parel. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Indiabulls Real Estate Limited has vide its letter inter-alia stated,"We wish to state that the same is a factually incorrect report, and that the company has no plans to sell One Indiabulls Centre."

    • 22 Jan · Board meeting

      Meeting on 30 Jan 2009: “Unaudited Financial Results for the qtr ended Dec 31, 2008”

  5. Dec 2008

    • 12 Dec · Results

      Pursuant to Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolutions by Postal Ballot) Rules, 2001, as amended, the Shareholders of the Company have passed the following Resolutions with requisite majority, by means of Postal Ballot (the results whereof have been announced on December 12, 2008) : 1. Cancellation and withdrawal of employee stock option scheme of the Company titled 'Employee Stock Option Scheme 2008' covering 15,00,000 stock options. 2. Authorization under Section 81(1A) of the Companies Act, 1956, to issue at any time to or to the benefit of such person (s) who are in permanent employment of the Company, including any Director, whether whole-time or otherwise, (except the promoter directors) of the Company, under the Scheme titled 'Indiabulls Real Estate Limited Employees Stock Option Scheme 2008 (II)' ('IBREL ESOP 2008 (II)' or 'Scheme'), 20,00,000 (Twenty Lacs) equity options entitling the option holders to purchase an equivalent number of Equity Shares of face value Rs. 2/- (Rupees Two) each of the Company, at such price, in one or more tranches, and on such terms and conditions, as given in the IBREL ESOP - 2008 (II). 3. Authorization under Section 81 (IA) of the Companies Act, 1956 to extend the benefits of IBREL ESOP 2008 (II)' to or for the benefit of the employees of the Company's subsidiaries, including Directors thereof (except Promoter Directors). 4. Approval under Section 314(1) of the Companies Act, 1956 to the appointment ofMr. Rajiv Rattan, Director of the Company, in its subsidiary, Sophia Power Company Limited, as Vice-Chairman (without being on the Board of Sophia Power Company Limited) with effect from September 01, 2008 on the terms and conditions set out in the Explanatory Statement annexed to the Notice of the Postal Ballot.

    • 3 Dec · Business

      The Hon'ble High Court of Delhi at New Delhi has, vide its order dated September 01, 2008, received on November 04, 2008, sanctioned the Scheme of Amalgamation ("Scheme") of Indiabulls Power Services Limited ("IPSL") with Sophia Power Company Limited ("Sophia"). Both IPSL and Sophia are subsidiaries of the Company. A Certified Copy of the Court Order approving the Scheme has been duly filed today, i.e. December 03, 2008, with the office of the Registrar of Companies, NCT of Delhi and Haryana, thereby bringing the Scheme into effect. We, further inform you that the Company would be allotted Equity Shares in Sophia on the basis of share Exchange Ratio as per the approved Scheme and in consideration of its existing Equity holding in IPSL. Post such allotment, the Company would hold 71.43% , FIM would hold 17.86% and LNM India Internet Ventures Limited would hold 10.71% of the equity of Sophia.

  6. Nov 2008

    • 10 Nov · Updates

      Board of Directors of Indiabulls Real Estate Limited ("the Company") has, at its meeting held today, November 07, 2008, decided to obtain the approval of the members through postal ballot pursuant to Section 192A of the Companies Act, 1956 (the "Act") read with the Companies (Passing of Resolution by Postal Ballot) Rules, 2001 interalia for the following matters: (1) Cancellation and withdrawal of the existing Employee Stock Option Scheme- 2008, covering 15,00,000 stock options. (2) Launch of a new Employee Stock Option Scheme titled "lndiabulls Real Estate Limited Employees Stock Option Scheme - 2008 (II)", in terms of Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, for grant of 20,00,000 stock options convertible into equal number of Equity Shares of face value Rs. 2/- each of the Company, to the employees of the Company and its subsidiaries. Further the company has informed that the Board of Directors of the Company has approved the draft Postal Ballot Notice covering the aforesaid matters alongwith other matters, with the relevant explanatory statement setting out the material facts, and has appointed Mr. Sanjay Khandelwal, Practising Company Secretary, New Delhi, as scrutinizer for conducting the postal ballot process in a fair and transparent manner. The duly completed Postal Ballot Form should reach the Scrutinizer on December 11, 2008. The results of the Postal Ballot will be declared on December 12, 2008.

    • 4 Nov · Meeting

      Minutes of Proceedings of the Annual General Meeting of the Company held on September 05, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

  7. Oct 2008

    • 8 Oct · Results

      Consolidated Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 8156.46 lacs for quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 799.97 lacs for the quarter ending on 30-SEP-2008.

    • 8 Oct · Results

      Consolidated Results for the half year ended on 30-SEP-2008 as follows: Net Sales of Rs. 12743.33 lacs for half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 2110.43 lacs for the half year ending on 30-SEP-2008.

    • 8 Oct · Results

      Standalone Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 1463.48 lacs for quarter ending on 30-SEP-2008 against Rs. 970.13 lacs for the quarter ending on 30-JUN-2008. Net Profit / (Loss) of Rs. 687.86 lacs for the quarter ending on 30-SEP-2008 against Rs. 680.15 lacs for the quarter ending on 30-JUN-2008.

    • 8 Oct · Results

      Standalone Results for the half year ended on 30-SEP-2008 as follows: Net Sales of Rs. 2433.61 lacs for half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 1368.01 lacs for the half year ending on 30-SEP-2008.

  8. Sep 2008

    • 30 Sep · Board meeting

      Meeting on 8 Oct 2008: “Unaudited financial results for qtr ended September 30, 2008”

    • 5 Sep · Meeting

      Outcome of the Annual General Meeting of the Company held on September 05, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

  9. Jul 2008

    • 31 Jul · Meeting

      Board of Directors of the Company, at its meeting held on July 30, 2008, has decided to convene the Annual General Meeting (AGM) of the Shareholders of the Company on September 05, 2008. Further, the Register of Members and Share Transfer Books of the Company shall remain closed during the period from August 29, 2008 to September 05, 2008 (both days inclusive), for the purpose of (a) AGM and (b) to determine the names of the shareholders eligible for payment of dividend @ Rs.13.50 per Equity share (i.e. 675% on the face value of Rs.2/- per Equity Share) for the Financial Year 2007-08, as recommended by the Board of Directors at its meeting held on May 12, 2008. If declared by the shareholders at the AGM, the dividend payout will commence on or after September 10, 2008.

    • 30 Jul · Memorandum of Understanding

      Indiabulls Power Services Limited (IPSL), a 100% subsidiary of Indiabulls Real Estate Limited (the Company), has entered into a Memorandum of Understanding (MOU) with Government of Madhya Pradesh for setting up of 2640 MW power project to be set up in two stages of 1320 MW each, in the State of Madhya Pradesh. In terms of the MOU, the Government of Madhya Pradesh shall facilitate and extend all reasonable help and assistance to IPSL for setting up the aforesaid project

    • 22 Jul · Board meeting

      Meeting on 30 Jul 2008: “Unaudited Financial Results for the Qtr ended June 30, 2008”

  10. Jun 2008

    • 10 Jun · Memorandum of Understanding

      Indiabulls Power Services Limited (IPSL), a subsidiary of Indiabulls Real Estate Limited (the Company), has entered into a Memorandum of Understanding (MOU) with Government of Jharkhand for setting up of 1320 MW (2 x 660 MW) power project, in the State of Jharkhand. In terms of the MoU, the Government of Jharkhand shall facilitate and extend all reasonable help and assistance to IPSL for setting up the aforesaid project including providing all state level clearances, helping in allotment of a captive coal block, acquiring land and allotting water for the project. As per the MoU, state of Jharkhand shall have the right to purchase up to 25% of power delivered from the proposed project under the Power Purchase Agreement at a tariff to be determined by appropriate Regulatory Commission and IPSL will have the right to sell the balance power outside the State or to the bulk consumers within the State

    • 9 Jun · Updates

      We refer to our letters dated February 5, 2008 and May 8, 2008. We would like to inform that Indiabulls Properties Investment Trust ("IPIT") (a business trust formed and registered under the laws of Singapore) had registered its final prospectus on June 2, 2008 for the offer of its units for subscription by the investors, including the public in Singapore, by way of an initial public offering in Singapore (the "IPO"). The IPO opened for subscription on June 2, 2008 and closed on June 6, 2008. Following the closure of the IPO, the Offering price has been fixed at Singapore Dollar ("S$") 1.00 per Common Unit aggregating to S$262,483,183 (subject to an over-allotment option). Deutsche Bank AG, Singapore Branch ("Deutsche Bank") and Merrill Lynch (Singapore) Pte. Ltd. ("Merrill Lynch") are acting as the joint issue managers, financial advisers, book runners and underwriters. DBS Bank Ltd. is the Coordinator of the Public Offer. They have entered into the Purchase Agreement on June 6, 2008 with the Indiabulls Property Management Trustee Pte. Ltd. and Indiabulls Real Estate Limited

  11. May 2008

    • 15 May · Issue and allotment of shares

      Board of Directors of the Company has, at its meeting held on May 15, 2008, issued and allotted 16,685,580 Equity shares of face value Rs.2/- each credited as fully paid-up, as underlying and representing 16,685,580 Global Depository Receipts ("GDRs"). Consequent to the issue of the Equity shares as aforesaid, the Paid-up Equity Share Capital of the Company stands increased from the present Rs.48,16,70,132 divided into 24,08,35,066 Equity shares of face value Rs.2 each to Rs.51,50,41,292/- divided into 25,75,20,646 Equity shares of face value Rs.2 each. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 12 May · Updates

      Earnings Update for the quarter/financial year ended March 31, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 12 May · Dividend

      Board of Directors of the Company at its meeting held on May 12, 2008 has recommended a dividend of Rs.13.50 per Equity share (675% on the face value of Rs.2 per Equity share) for the financial year ended March 31, 2008, subject to approval of shareholders at the ensuing Annual General Meeting of the Company.

    • 9 May · Business

      "In continuation of the intimation sent by Indiabulls Real Estate Limited ("Company") on 28th February 2008 and 7th May, 2008 in relation to the proposed investment and/or purchase of up to 100% of the ordinary shares in Dev Property Development Plc. ("DPD Shares"), an Isle of Man registered company listed on the London Stock Exchange's AIM ("DPD"), by issuance of new ordinary shares of the Company ("New IBREL Shares") represented by Global Depository Receipts ("GDRs") listed on the Luxembourg Stock Exchange's Euro MTF. The proposed investment and/or purchase of the DPD Shares by issuance of GDRs was to be implemented by way of a court approved scheme of arrangement under section 152 of the Isle of Man Companies Act 1931 ("Scheme"). As informed earlier the relevant court under the Isle of Man Companies Act 1931 has sanctioned the Scheme on May 07, 2008 and accordingly approved the acquisition of 100% ordinary shares of DPD by the Company". Further the Company has informed the Exchange that the Scheme has become effective on May 08, 2008 Further the Company has submitted to the Exchange a copy of the the announcement being made by DPD in UK on May 08, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements) For more details click here.

    • 8 May · Updates

      We refer to our letter dated February 5, 2008. We would like to inform that Indiabulls Properties Investment Trust ("IPIT") ( a business trust registered under the laws of Singapore) is contemplating offer of its units for subscription by the investors, including the public in Singapore, by way of an initial public offering in Singapore ("IPO") and has lodged its Prospectus with Monetary Authority of Singapore on May 8, 2008

    • 8 May · Business

      Indiabulls Real Estate Limited had informed the Exchange that: "In continuation of the intimation sent by Indiabulls Real Estate Limited ("Company") on 28th February 2008 in relation to the proposed investment and/or purchase of up to 100% of the ordinary shares in Dev Property Development Plc. ("DPD Shares"), an Isle of Man registered company listed on the London Stock Exchange's AIM ("DPD"), by issuance of new ordinary shares of the Company ("New IBREL Shares") represented by Global Depository Receipts ("GDRs") listed on the Luxembourg Stock Exchange's Euro MTF. The proposed investment and/or purchase of the DPD Shares by issuance of GDRs was to be implemented by way of a court approved scheme of arrangement under section 152 of the Isle of Man Companies Act 1931 ("Scheme"). The relevant court under the Isle of Man Companies Act 1931 has sanctioned the Scheme today and accordingly approved the acquisition of 100% ordinary shares of DPD by the Company. Further, the finalisation of the said acquisition shall be completed by: (i) cancellation of the 138,000,000 ordinary shares of DPD; (ii) issue of 138,000,000 new DPD shares to the Company; and (iii) issue of 0.12091 GDR to the shareholders of DPD for each DPD share held as at 6:00 P.M. on May 7, 2008 in accordance with the terms of the Scheme. The Scheme is expected to is expected to become effective on May 8, 2008 and the settlement of all consideration will occur within 14 days of that date." Further the Company has submitted to the Exchange a copy of the the announcement being made by DPD in UK on May 07, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements) For more details click here.

    • 5 May · Board meeting

      To consider inter alia the Audited Financial Results of the Company for the Financial Year ended March 31, 2008 and to consider recommendation of a dividend, if any, for the said Financial Year.

  12. Apr 2008

    • 28 Apr · Results

      The Company shall publishing its audited results for the financial year ended March 31, 2008 within three months from the end of financial year (i.e. before June 30, 2008), the un-audited results will not be adopted/ published separately.

    • 23 Apr · News Verification

      News Verification : The media had reports that Indiabulls Real Estate Limited has acquired PAL-Peugeot's 134 acres of land in Dombivili for Rs. 676 crore. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Indiabulls Real Estate Limited has vide its letter inter-alia stated, "The Company has submitted its bid through its subsidiary, Citra Developers Limited, in respect of auction held by Court Receiver, High Court, Bombay, for land of Pal Peugeot Limited (in liquidation) situated at Dombivli. The said auction was conducted on April 22, 2008. The award of this bid and execution of definitive documents in respect of the same is subject to confirmation by the High Court of Bombay. There is presently no indication as to timing and manner in which the High Court order will be received. "

    • 22 Apr · Grant of Stock Options

      The Compensation Committee constituted by the Board of Directors of the Company has at its meeting held today i.e. April 22, 2008, granted 15,00,000 (Fifteen lacs) Stock Options representing an equal number of equity shares of face value of Rs. 2 each in the Company, to the Eligible Employees, at an exercise price of Rs. 495.70, being the latest available closing market price on the National Stock Exchange of India Ltd., as on April 21, 2008. The Stock Options so granted, shall vest in the eligible employees in equal slabs of 10% per year, over a period of 10 years beginning from April 23, 2009, the first vesting date. The options granted under each of the slabs, can be exercised by the grantees within a period of ninety days from the relevant vesting date

    • 4 Apr · Updates

      Indiabulls Power Generation Limited (IPGL) has been awarded the Letter of Intent for Bhaiyathan Thermal Power Project (Bhaiyathan TPP) in Chhattisgarh state by Chhattisgarh State Electricity Board (CSEB). IPGL is a subsidiary of Indiabulls Power Services Limited (IPSL), a subsidiary of Indiabulls Real Estate Limited (the Company). Chhattisgarh State Electricity Board (CSEB) had invited bids for procurement of power produced on Long Term basis from Project comprising building, owning, operating, maintaining of a coal fired thermal power project at Bhaiyathan in Chhattisgarh. The project includes development of captive coal mines containing proven reserves of 349 million tonnes in District Korba of Chhattisgarh to provide low cost coal supply to the power project. 35% of power produced from the Bhaiyathan project is available for merchant sale at market rates and the remaining 65% has to be sold to CSEB at the quoted levelised tariff. CSEB shall be soon handing over the land, water and environmental clearances for the project

  13. Mar 2008

    • 31 Mar · Meeting

      Pursuant to Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolutions by Postal Ballot) Rules, 2001, as amended, the Shareholders of the Company have passed the Resolutions (as per attachment) with requisite majority, by means of Postal Ballot (the results whereof have been announced by the Board-appointed Scrutinizer on March 29, 2008). The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 17 Mar · Meeting

      Company proposes to acquire the shares of Dev Property Development Plc., as Isle of Man registered company listed on the London Stock Exchange's AIM by an issuance of Global Depository Receipts of the Company to the shareholders of Dev Property Development Plc.("DPD"). For this transaction, pursuant to Section 192A of the Companies Act, 1956, the consent of the shareholders is required for: (a) issue of equity shares of the Company and/ or Global Depository Receipts under the provisions of section 81(1A) of the Companies Act, 1956 and (b) purchase of up to 100 % of the ordinary shares of Dev Property Development Plc. by issue of equity shares of the Company represented by Global Depository Receipts under Section 372A of the Companies Act, 1956. The Board of the Company has appointed Mr. Sanjay Khandelwal, Practising Company Secretary, New Delhi, as the scrutinizer for conducting the postal ballot in fair and transparent manner. The duly completed postal ballot forms should reach the scrutinizer not later than 2.00 pm on March 29, 2008. The scrutinizer will submit his report after completion of the scrutiny and the results of the postal ballot will be displayed on March 29, 2008 by 5.00 pm. A copy of the notice of Postal Ballot shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 5 Mar · Updates

      Indiabulls Real Estate Limited had informed the Exchange vide its announcement dated February 28, 2008 that its Board of Directors had approved the proposed investment and/or purchase of up to 100% of the ordinary shares in Dev Property Development Plc., an Isle of Man registered company listed on the London Stock Exchange's AIM, and that simultaneous to the said announcement, the Company making a Rule 2.5 announcement in United Kingdom under the provisions of City Code. The Company has now informed the Exchange regarding an announcement made by the Company in accordance with Rule 2.10 of the City Code. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

  14. Feb 2008

    • 28 Feb · Investment/Others

      "The Board of Directors of the Indiabulls Real Estate Limited ("Company") in its meeting held today i.e. 28th February, 2008 have approved the proposed investment and/or purchase of up to 100% of the ordinary shares in Dev Property Development Plc. ("DPD Shares"), an Isle of Man registered company listed on the London Stock Exchange's AIM ("DPD"), by issuance of new ordinary shares of the Company ("New IBREL Shares") represented by Global Depository Receipts ("GDRs") listed on the Luxembourg Stock Exchange's Euro MTF market equating to an offer that values the existing ordinary share capital of DPD at approximately 138.0 million and each DPD Share at 100.00p based on (a) the Indian Closing Price of Rs.654.40 per IBREL Share on 27 February 2008 and (b) a currency exchange rate of GBP1.00 to Rs.79.12140 (being the exchange rate at 15:30 hrs. in Mumbai on 27 February 2008).Simultaneous to this notice, the Company and DPD shall be making a 2.5 announcement in United Kingdom under the provisions of City Code on Takeovers and Mergers ("Takeover Code") which is attached and marked as Annex 1. We further wish to inform that the Board of Directors of the Company have resolved to obtain the approval of the Members of the Company via a Postal Ballot pursuant to Section 192A of the Companies Act, 1956 (the "Act") read with the Companies (Passing of Resolution by Postal Ballot) Rules, 2001 (the "Rules") for: (1) issue of equity shares of the Company and/or Global Depository Receipts under the provision of Section 81(1A) of the Act; (2) purchase of up to 100% of the ordinary shares of DPD by the issue of New IBREL Shares under the provisions of Section 372A of the Act; (3) creation of 'Employee Stock Option Scheme-2008' ("ESOP 2008") for grant of 15,00,000 Equity Options convertible into equal number of Equity Shares of face value of Rs.2 each of the Company, at such price, in one or more tranches, and on such terms and conditions as given in the ESOP 2008, and (4) giving inter-corporate loans / inter-Corporate guarantees and securities / making inter-corporate investments to bodies corporate and / or subsidiaries under the provisions of Section 372A of the Act.The Board of Directors of the Company, has approved the draft Postal Ballot Notice Covering the aforesaid matters along with the relevant explanatory statement setting out the material facts and has appointed Mr. Sanjay Khandelwal, Practicing Company Secretary, New Delhi, as scrutinizer for conducting the postal ballot process in a fair and transparent manner. The duly completed Postal Ballot Forms should reach the Scrutinizer by no later than 2.00 PM on Saturday the 29th day of March, 2008. The results of the Postal Ballot will be declared at the Registered Office of the Company on Saturday, the 29th day of March 2008 by 5.00 PM". The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 15 Feb · Investment

      Vide its letter dated February 14, 2008 that: "Indiabulls Real Estate Limited (IBREL) has today entered into an agreement with FIM Limited (an FVCI managed by Farallon Capital Management LLC and its affiliates) and LNM India Internet Ventures Limited (an investment entity on behalf of Mr. L N Mittal and family) (the 'Investors") in terms of which the Investors have agreed to invest an aggregate of Rs.15,800,000,000 through subscription to equity shares at Rs 66.67 per share in Sophia Power Company Limited, an unlisted company which is a 100% subsidiary of IBREL engaged in the power sector, for an aggregate of 37.5% of its post issue equity share capital. The further details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 7 Feb · Business

      Indiabulls Infrastructure Limited ("IIL"), a subsidiary of the Company, has acquired 100% shareholding of Catherine Builders and Developers Private Limited ("Catherine") from DLF Home Developers Limited. Catherine owns 50% shareholding of Kenneth Builders & Developers Private Limited ("Kenneth") which had earlier won the auction by DDA to develop a residential project on 35.8 acres of land located at Tehkhand in South Delhi. The remaining 50% shareholding of Kenneth is owned by Bridget Builders & Developers Private Limited, a wholly owned subsidiary of IIL. With this acquisition, IIL now owns 100% stake in Kenneth through wholly owned subsidiaries

    • 5 Feb · Updates

      Indiabulls Properties Investment Trust ("IPIT") (a business trust proposed to be formed and registered under the laws of Singapore) is contemplating offer of its units for subscription by the investors including the public in Singapore, by way of an initial public offering in Singapore ("IPO"), which is proposed to be listed on the Main Board of Singapore Exchange Securities Trading Limited ("SGX-ST"). In pursuance of the aforesaid, SGX-ST has granted the 'Eligibility to list' to IPIT on 5th February 2008, subject to the conditions specified therein. IPIT will acquire the One Indiabulls Centre and Elphinstone Mills ("Properties"), developed and owned by Indiabulls Properties private Limited ("IPPL") and Indiabulls Real Estate Company Private Limited ("IRECPL") respectively. These Properties are held by Indiabulls Real Estate Limited ("IBREL") through investments in IPPL and IRECPL. IBREL is committed to supporting IPIT over the long-term and after the Listing Date expects to hold a specified number of units of IPIT, upon the completion of the Offering

  15. Jan 2008

    • 23 Jan · Allotment of Equity Shares

      Upon exercise of options vested in terms of 'Indiabulls Real Estate Limited Employees Stock Option Scheme 2006' by eligible employees and receipt of exercise amount in full, the Board of Directors of the Company at its meeting held today i.e. January 23, 2008, has allotted an aggregate of 9,00,000 (Nine Lacs) Equity Shares of face value Rs.2/- each to eligible employees. Consequent to the above allotment, the Paid-up Equity Shares of the Company stands increased from Rs. 47,98,70,132/- divided into 23,99,35,066 Equity Shares of face value Rs.2 each to Rs. 48,16,70,132/- divided into 24,08,35,066 Equity Shares of face value Rs. 2 each.

    • 21 Jan · Board meeting

      No interim dividend on the Equity shares of the Company had been declared at the Board of Directors meeting held on January 21, 2008.

    • 21 Jan · Updates

      Earnings Update for the quarter ended December 31, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 12 Jan · Board meeting

      To consider and approve, inter alia, the unaudited financial results of the Company for the quarter ended December 31, 2007, and to consider declaration of an interim dividend, if any, on the Equity shares of the Company, for the Financial Year 2007-08.

  16. Dec 2007

    • 10 Dec · Open Offer

      The Board of Directors of the Company in their meeting dated December 8, 2007 took note of the fact that the Company's wholly-owned subsidiary, IWSL (Indiabulls Wholesale Services Ltd), is proposing to make an open offer under the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 for Piramyd Retail Limited, a retail company listed on both the Bombay Stock Exchange and the National Stock Exchange wherein the Company shall participate as a "person acting in concert". IWSL is proposing to acquire 63.92% of the equity share capital of Piramyd Retail limited from the existing promoters pursuant to which IWSL shall make an Open Offer to the public shareholders of Pirmayd Retail Limited to acquire up to 20% of the fully diluted voting capital of the Target Company at an offer price of Rs.74.73 per share/stock option. A public announcement to this effect with all the relevant details is being released by the merchant bankers appointed by IWSL under the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997

  17. Nov 2007

    • 6 Nov · Issue of Warrants

      Increase in the equity shareholding of Promoter Directors (hereinafter referred to as the Promoters) of Indiabulls Real Estate Limited (the Company) consequent to exercise of warrants, and issue of a fresh series of warrants (fully convertible into Equity shares of face value of Rs.2 each in the Company) to the Promoters of the Company and some of its other Directors. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 2 Nov · Meeting

      Proceedings of the Annual General Meeting of the Company held on September 17, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

  18. Oct 2007

    • 25 Oct · Meeting

      Pursuant to Section 192A of the Companies Act, 1956 read with the Companies (Passing of Resolutions by Postal Ballot) Rules, 2001, as amended the Equity shareholders of the Company have passed, with requisite majority, the resolutions as Special Resolutions, through a Postal Ballot, result whereof was announced by the Board-appointed scrutinizer today, October 25, 2007. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.