Embassy Developments Buys Embassy Columbia For ₹32.65 Crore

Embassy Developments Limited has executed a Share Purchase Agreement to acquire the remaining 50% equity stake in Embassy Columbia Pacific ASL Private Limited for ₹32,65,27,241.

The acquisition involves 1,12,44,599 equity shares of face value ₹10 each from CP Senior Housing (India) LLC, USA. The consideration is based on the enterprise value of Embassy Columbia and will be settled in cash.

Upon completion of the acquisition, Embassy Columbia will become a wholly owned subsidiary of Embassy Developments, terminating the existing joint venture arrangement. Embassy Columbia operates in the construction and development of real estate, specifically focusing on the senior living segment.

The company expects to complete the acquisition within the current quarter, ending on 31 December 2026. Embassy Columbia reported a turnover of ₹41.87 crore for the financial year 2025-26.

This is a Mumbai Alert News summary of the report by Free Press Journal, not independently verified original reporting.