Embassy Developments has successfully completed the sale of its wholly owned subsidiary, Sepset Real Estate Limited, to Pen India Private Limited. The transaction, which involved the transfer of 100% equity share capital, was finalised on 16 April 2026.
The company had previously announced the execution of a Share Purchase Agreement (SPA) with Pen India, an independent third-party buyer, on 12 April 2026. The completion of the sale followed the satisfactory fulfilment of all closing precedents and conditions outlined in the SPA.
As a result of this transaction, Sepset Real Estate Limited has ceased to be a subsidiary of Embassy Developments, effective from 16 April 2026.
The necessary disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the SEBI Master Circular dated 30 January 2026, was previously made in the company’s announcement on 12 April 2026.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).