Embassy Developments Acquires 50% Stake in Embassy Columbia for ₹32.65 Cr

Embassy Developments Ltd has executed a Share Purchase Agreement to acquire the remaining 50% equity stake in its joint venture, Embassy Columbia Pacific ASL Private Limited, from CP Senior Housing (India) LLC. The acquisition, valued at ₹32,65,27,241/- (₹32.65 Crore) in cash, is expected to be completed within the current quarter ending December 31, 2026. Upon completion, Embassy Columbia will become a wholly owned subsidiary, consolidating the company's interest and strengthening its control over the entity. The acquisition aims to enhance operational integration and consolidate the company's position in the senior living residential project, Embassy Serene Amara.