Equinox India Developments Limited (formerly Indiabulls Real Estate Limited) announced that the Hon’ble National Company Law Appellate Tribunal (NCLAT), New Delhi Bench, has approved the Scheme of Amalgamation of NAM Estates Private Limited and Embassy One Commercial Property Developments Private Limited, both entities under the Embassy Group, with Equinox India Developments Limited.
The approval, granted on January 7, 2025, allows the merger to proceed in accordance with Sections 230 to 232 of the Companies Act, 2013. The Scheme aims to consolidate the entities to enhance operational efficiency and streamline the real estate portfolio.
The amalgamation will come into effect upon completing all legal formalities, including filing a certified copy of the NCLAT order with the jurisdictional Registrar of Companies. Further updates on the formalities’ completion will be shared by the company in due course.
This merger aligns with Equinox India Developments Limited’s strategic vision to strengthen its presence in the real estate market.
