Quick Summary
The Competition Commission of India (CCI) approves proposed merger of NAM Estates and Embassy One Commercial Property Developments into Indiabulls Real Estate The proposed combination envisages merger of NAM Estates Private Limited (NAM Estate) and Embassy One Commercial Property Developments Pri
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FAQ :
The Competition Commission of India (CCI) has approved the proposed merger of NAM Estates and Embassy One Commercial Property Developments (EOCPDPL) into Indiabulls Real Estate Limited (IBREL).
The companies involved are NAM Estates Private Limited, Embassy One Commercial Property Developments Private Limited (EOCPDPL), and Indiabulls Real Estate Limited (IBREL).
NAM Estates is involved in the real estate development of commercial and residential assets and related activities, and it belongs to the Embassy group.
EOCPDPL provides common area maintenance services for construction and development of real estate projects (both residential and commercial) and other related activities, and it also belongs to the Embassy group.
Indiabulls Real Estate's strategic focus is on the key markets of the Mumbai Metropolitan Region and the National Capital Region.
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