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Merger Plan: Indiabulls Real Estate, Embassy to fix valuation, swap ratio

Merger Plan: Indiabulls Real Estate, Embassy to fix valuation, swap ratio

Indiabulls Real Estate and Embassy Group will finalise the valuation and swap ratio for their proposed merger on Tuesday. In separate meetings, the two real estate developers will also decide the time frame and exact structure of the exercise, which will see Embassy Group merging real estate assets spread over 62 million sq ft with listed company Indiabulls Real Estate.

Spokespersons of the two companies confirmed the respective scheduled meetings of their boards.

The proposed  ..

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