Acquisitions26 Jun 2025, 09:11 pm
Embassy Developments Acquires Squadron Developers for INR 456.61 Crore
AI Summary
Embassy Developments Limited has acquired 100% equity shares of Squadron Developers Private Limited for INR 456.61 crore. This acquisition is in continuation of the company's growth strategy to build a robust pipeline of new launches and will expand its presence in the key markets of Bengaluru. Squadron Developers Private Limited is a proposed residential development of ~ 1.27 msft of premium & luxury apartments in north Bengaluru.
Key Highlights
- Embassy Developments Limited has acquired 100% equity shares of Squadron Developers Private Limited for INR 456.61 crore.
- This acquisition is in continuation of the company's growth strategy to build a robust pipeline of new launches.
- Squadron Developers Private Limited is a proposed residential development of ~ 1.27 msft of premium & luxury apartments in north Bengaluru.
- The acquisition will expand the Company’s presence in the key markets of Bengaluru.
- Squadron Developers Private Limited is a wholly owned subsidiary of the Company after the acquisition.