Embassy Group to merge 62 million sq ft realty assets with Indiabulls Real Estate - The Economic Times
The definitive agreement for the merger is expected to be placed before the listed company's board by August 15, Indiabulls Real Estate said in a stock exchange filling on Wednesday. As per the plan, Embassys 62 million sq ft of real estate assets will be merged with the Mumbai-based companys 31 million sq ft of assets under development.