The Board of the Company, at its meeting held today, has approved the proposal of merger of NAM Estates Private Limited ('NAM Estates') and Embassy One Commercial Property Developments Private Limited ('NAM Opco'), both Embassy group entities with the Company ('Amalgamation'), through a cashless composite scheme of amalgamation of NAM Estates and NAM Opco into the Company, in accordance with applicable regulations ('Scheme'). The proposed merger will create one of India's leading listed real estate development platforms with launched/planned area totaling to 80.8 Mn Sq. Ft, having 53% commercial and 47% residential assets, and 30 projects with key geographical focus in Mumbai, NCR & Bengaluru. The Amalgamated Company will have a balanced mix of commercial and residential asset, which provides a natural hedge against cyclicality and will be benefited from new promoter relationships with a listed REIT and institutional investors such as Blackstone. For details, please refer attachment. In furtherance to intimation dt 18.08.2020, we wish to inform that today CCI has approved the Merger of NAM Estates and Embassy One with the Company. Further the Company has also received other requisite regulatory approvals, inter alia from NSE, BSE, SEBI and shall proceed with filing of requisite application with NCLT for its approval to the Scheme of Merger. The proposed Merger will create one of India's leading listed real estate development platforms, with launched & planned development area of 80.8 mn Sq ft across 30 projects in all leading cities. The planned commercial projects in combined entity will have a rent potential of Rs 4241 Cr. The net surplus from residential launched and planned projects in combined entity is expected at Rs 18,592 Cr. Combined listed entity shall be owned ~44.9% by Embassy Group, 26.2% by the existing public & institutional shareholders, 9.8% by existing IBREL Promoter Group and ~19.1% by Blackstone group & other Embassy institutional investors. (As Per BSE Announcement dated on 24.02.2021) In furtherance to earlier intimations on subject matter, we wish to inform that subsequent to receipt of applicable regulatory approvals from Competition Commission of India (CCI), National Stock Exchange of India (NSE), BSE Limited (BSE), the Securities and Exchange Board of India (SEBI), today the Company has filed the requisite joint application with jurisdictional bench of NCLT, for its approval to the Scheme of Merger. (As Per BSE Announcement Dated on 16.08.2021) In furtherance to earlier intimations in the matter of Merger of NAM Estates Private Limited and Embassy One Commercial Property Developments Private Limited, both Embassy group entities, with Indiabulls Real Estate Limited ('the Company' or 'IBREL') ('Merger'), we wish to inform that pursuant to the First Motion application filed by the Company with the Hon'ble National Company Law Tribunal, Chandigarh Bench ('NCLT'), NCLT vide its order dated December 23, 2021, has directed the Company to convene a meeting of its shareholder on February 12, 2022, through Video Conference/Other Audio Visual Means, under the Chairmanship of NCLT appointed Chairperson, to seek approval of shareholders of the Company to the proposed Scheme of Merger. It is hereby further informed that the Notice of the aforesaid meeting, along with explanatory statement and other relevant information, shall be dispatched to all shareholders and other persons entitled thereto, in due course. (As Per BSE Announcement dated on 24.12.2021) Indiabulls Real Estate Ltd has informed BSE regarding the details of Voting results of Court Convened Meeting, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Kindly Click here (As Per BSE Announcement Dated 14.02.2022) Dear Sir(s), With reference to the subject matter, please find enclosed the disclosure of information furnished by Nam Estates Private Limited (the Amalgamating Company 1) to us with respect to the assets and liabilities of the entities (including Embassy One Developers Private Limited, Embassy East Business Park Pvt Ltd and Summit Developments Pvt Ltd) which have been transferred to NAM Estates Private Limited (the Amalgamating Company 1) pursuant to NAM Internal Restructuring. Please take the aforesaid intimation on record. For Further information, please see attachment. (As Per BSE Announcement Dated on 04.01.2023) In furtherance to the Press Release dated May 9, 2023, issued by the Company, on order pronounced by the Hon'ble National Company Law Tribunal ('NCLT'), Chandigarh Bench, on May 9, 2023, pursuant to which the sanction to the Merger has been withheld, please be informed that the Board of Directors of the Company, in their meeting held today i.e. May 17, 2023, has discussed and evaluated legal options available with the Company and decided to challenge the said Order by filing an appeal before the Hon'ble National Company Law Appellate Tribunal ('NCLAT'), New Delhi. The Board has further authorized the Reorganization Committee to take necessary steps in this regard. (As Per BSE Announcement dated on 17.05.2023) In furtherance to our intimation dated May 17 2023, please be informed that the company had filed an Appeal before the NCLAT New Delhi against the NCLT order, wherein Dept of Income Tax was made a party as respondent. In the hearing held on September 11, 2023 the NCLAT has adjourned the matter to October 30 2023. For further details, please refer attachment. (As Per BSE Announcement Dated on 12.09.2023) In furtherance to our intimation dated September 12 2023, please informed that in the hearing held on October 30 2023, Hon''ble NCLAT Adjourned the matter on November 23, 2023. For further information, please refer attachment. (As Per BSE Announcement Dated on 01.11.2023) This is to inform tha Hon''able NCLAT, New Delhi took on record the rejoinder filed by the Company & the matter was adjourned for further arguement on the next date of hearing i.e January 19 2024 Update on Merger. For further info, please refer attachment (As Per BSE Announcement dated on 14.12.2023) Update on Merger (As Per BSE Announcement dated on 31.01.2024) Update on Merger. (As Per BSE Announcement Dated on: 14/02/2024) Update on Merger (As Per BSE Announcement dated on 25.04.2024) Update on Merger. (As Per BSE Announcement Dated on 29.05.2024) Update on Merger. (As Per BSE Announcement dated on 20.07.2024) Update on Merger. (As Per BSE Announcement Dated on: 09/08/2024) Update on Merger. (As Per BSE Announcement dated on 30.08.2024) Update on merger of NAM Estates Private Limited ('NAM Estates') and Embassy one Commercial Property Developments Private Limited ('Embassy One'), both Embassy group entities, with Equinox India Developments Limited (formerly Indiabulls Real Estate Limited) Read less.. (As Per BSE Announcement Dated on 02.10.2024) Update on Merger. (As Per BSE Announcement Dated on 25.10.2024) Update on Merger (As per BSE Announcement Dated on 16/11/2024) Hon''ble National Company Law Appellate Tribunal, New Delhi Bench ('NCLAT'), has today i.e. January 7, 2025, pronounced the order, approving the Scheme of Amalgamation. For more details, please refer attachment. (As Per BSE Announcement Dated on: 07/01/2025) unaudited financial results (standalone and consolidated) for the quarter ended December 31, 2024 (As Per BSE Announcement dated on 10.01.2025) Effectiveness of Scheme of Amalgamation. NAM Estates, being Amalgamating Company 1, stands transferred and merged with the Company with effect from the Appointed Date/Effective Date 1, being January 24, 2025 ('Merger') and in consideration thereof, the Company shall issue and allot 60,91,05,999 fully paid equity shares of face value INR 2/- each of the Company ('Equity Shares') to the shareholders of NAM Estates, holding shares of NAM Estates as on January 24, i.e. Record Date fixed by the Company in consultation with NAM Estates , in following manner: (As per BSE Announcement Dated on 24/01/2025)