Indiabulls Real Estate tanks 20% as Nam Estates-Embassy One merger faces delays
“Indiabulls Real Estate (IBREL) regrets to inform its shareholders and the public that the sanction to the merger of NAM Estates Private (NAM Estates) and Embassy One Commercial Property Developments (Embassy One) into IBREL has been withheld by the Hon’ble National Company Law Tribunal (NCLT), Chandigarh Bench,” Indiabulls said in an exchange filing.
