Board Meeting1 Jul 2026, 07:41 pm
Embassy Developments Board to Consider Fund Raising via NCDs
AI Summary
Embassy Developments Ltd has announced that its Board of Directors will convene on July 6, 2026, to discuss and approve a plan for raising funds. The proposed method for fundraising is through the issuance of non-convertible debentures (NCDs), which may be issued in one or more tranches using permissible modes. Additionally, the board will consider alterations or modifications to the terms of existing unlisted NCDs. This move is subject to obtaining necessary regulatory and statutory approvals.
Key Highlights
- Board meeting scheduled for July 6, 2026.
- To consider and approve fund raising via NCD issuance.
- Potential alteration of existing unlisted NCD terms.
- Subject to regulatory and statutory approvals.
Price Impact
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