Merger News: The merger process of Equinox India and Embassy Group has been completed. After this merger, the joint platform has been given a new identity by the name of Embassy Developments Ltd. This step has been taken with the aim of establishing strong synergy in the real estate sector and taking the business to new heights.

Key points related to the merger
 

• New Name: After the merger, the platform is now named Embassy Developments Ltd.
• Share Capital: The revised equity share capital of the company is ₹2,364.96 crore.
• Coordination of Properties: This merger will promote cohesion and business benefits in residential and commercial properties.
• Regional Strength: The Company's presence has strengthened in Bengaluru, Chennai, Mumbai Metropolitan Region (MMR) and National Capital Region (NCR).
• Effective Date: This merger is effective from January 24, 2025.

Strategy ahead
 

• 統一 Branding: The new company will now operate under the name "Embassy".
• Integration Process: Employees, processes and policies will be integrated.
• Headquarters: The company's headquarters will be located in Mumbai and Bengaluru.

This merger is being considered as a major step in the Indian real estate sector. It will not only strengthen the company's hold in the market but will also help in providing better services and experience to residential and commercial customers.

Return of Equinox India Company
If we look at the stock return of the company, it has given a return of 3.15 percent in 1 week, 25.58 percent in 1 month and 28.10 percent in 3 months. Apart from this, the stock of the company has given a return of 49.47 percent in 1 year. So far in January, the company has given a return of around 27 percent.