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Embassy Developments - General Updates

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Dion Global

26 Jun 2025

In furtherance to our earlier intimation dated February 25, 2025 and pursuant to the approvalby the shareholders of the Company, vide resolution dated March 25, 2025, please be informedthat Embassy Developments Limited (formerly Equinox India Developments Limited andearlier Indiabulls Real Estate Limited) (the Company ) has today i.e. on June 26, 2025,acquired 100% equity shares of Squadron Developers Private Limited ( SDPL ) for INR456.61 crore arrived basis closing adjustments to the agreed enterprise value of INR 455 crore.For more details, please refer attachment.