Embassy Group subsidiaries to merge with Indiabulls

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Shardul Amarchand Mangaldas & Co (SAM) advised the Embassy Group on the proposed merger of the assets of two of its subsidiaries – NAM Estates and Embassy One Commercial Property Developments – with Indiabulls Real Estate.

SAM advised on all regulatory aspects of the deal, which included approvals from the Competition Commission of India. The merger agreement was signed on 18 August.

J Sagar Associates (JSA) advised Bombay Stock Exchange and National Stock Exchange-listed Indiabulls Real Estate.

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