Embassy Developments Allots 1.22 Cr Equity Shares on Warrant Conversion

Embassy Developments Ltd has allotted 1,22,00,000 equity shares following the conversion of warrants by Embassy Property Developments Private Limited. The conversion involved exercising 1,22,00,000 warrants at an exercise price of INR 111.51 per share, with a balance consideration of INR 1,02,03,16,500 received. This allotment increases the company's paid-up equity share capital to INR 2,82,76,66,866, comprising 1,41,38,33,433 equity shares. The Promoter and Promoter Group's aggregate shareholding has consequently risen from 43.13% to 43.62% of the enhanced paid-up equity share capital.