Equinox India Developments’ stock rose 3% following the National Company Law Appellate Tribunal (NCLAT) approval of its merger with NAM Estates Private Limited and Embassy One Commercial Property Developments, both part of the Embassy Group.
The NCLAT, in its order on January 7, 2025, gave the green light for the amalgamation under Sections 230 to 232 of the Companies Act, 2013. The merger aims to streamline operations and optimize the real estate portfolio.
Equinox India Developments shares opened at ₹154.40, reaching a high of ₹154.70 and a low of ₹148.30 during the day. The stock’s 52-week high stands at ₹164.36, while its 52-week low is ₹92.60.
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