News

Embassy Developments Limited, formerly Equinox India Developments Limited, announced the allotment of 10,500 rated, unlisted, secured, redeemable, taxable, non-convertible debentures with a face value of Rs 1,00,000 each, aggregating to Rs 105 crore, on a private placement basis. The allotment was approved by the company’s board committee on September 22, 2026, and is part of a larger approved issue size of up to Rs 160 crore. The debentures carry a cash coupon of 12.50% per annum payable semi-annually and will mature on September 22, 2028.

Embassy Developments Limited, formerly Equinox India Developments Limited, will convene a committee meeting on September 19, 2026, to consider and approve the raising of funds through the issuance of non-convertible debentures via a permissible mode, subject to applicable regulatory approvals.

Embassy Developments will hold a meeting of the Board of Directors of the Company on 10 August 2026.

Embassy Developments will hold a meeting of the Board of Directors of the Company on 6 July 2026.

Embassy Developments announced the award of a major construction contract valued at over Rs 850 crore to Leighton Asia, part of the CIMIC Group, for Embassy Citadel, the Company`s landmark ultra-luxury residential development in Worli, Mumbai. The scope of work covers the complete civil and structural works package for the project. Embassy Citadel marked Embassy Developments` strategic expansion into Mumbai`s residential market. Located on Dr. Elijah Moses Road in Worli, the ~1.6 million sq. ft. development has an estimated gross development value of Rs 8,800 crore and will comprise 316 residences across 3, 4 and 5 bedroom configurations, along with two exclusive triplex mansion homes. The project also features ~1 lakh sq. ft. of amenities across seven lifestyle floors and a 79th-floor Sky Lounge. Rising approximately 300 metres, the single-tower development is designed as a vertically integrated luxury ecosystem centred around wellness, hospitality-inspired living, and multi-generational community spaces.