Virwani said Embassy has “substantively and meticulously” addressed all the observations made by the income tax department and the National Company Law Tribunal (NCLT), which, through a recent order, withheld the merger of Indiabulls Real Estate with some of Embassy Group entities.

Embassy Group plans to sell assets to cut debt by a third: Group chairman Jitu Virwani

Embassy Group is planning to restructure debt and focus on residential and commercial businesses following the merger with Indiabulls Real Estate amid concerns raised about valuation and land litigation that halted the merger. The NCLT withheld the merger due to objections raised by the IT departmen…

Indiabulls-Embassy merger will create one of India’s largest listed real estate development company, says Jitu Virwani

IRFC shares fell 2.13 per cent to Rs 32.30 on NSE amid high volumes. A total of 5,29,12,040 IRFC shares changed hands on the counter worth Rs 170.74 crore.

YES Bank, IRFC, Indiabulls Real Estate, Suzlon shares see high volumes; HDFC Bank, Mankind Pharma lead turnover chart

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Stocks to watch today — May 10, 2023

The merger sanctioned by Bengaluru bench the NCLT, which has jurisdiction over NAM Estates and Embassy One on April 22, 2022.

NCLT Chandigarh withholds Embassy Group companies’ merger with Indiabulls Real Estate

The merger of Embassy group companies, NAM Estates and Embassy One into Indiabulls Real Estate has run into a block with the Chandigarh Bench of the National Company Law Tribunal withholding its approval due to objections raised by the Income Tax department

NCLT withholds merger of Embassy group companies with Indiabulls Real Estate

Embassy Group will become the promoter of the merged entity.

NCLT withholds merger of Embassy group firms with Indiabulls Real Estate | The Financial Express

Mumbai-based Indiabulls Real Estate (IBREL) said it will decide on the next course of action after reading the full judgement

Embassy-Indiabulls Real Estate Merger: NCLT Withholds Merger; What Next? Check Details Here

Indiabulls Real Estate said it strongly believes that the objections and concerns were unfounded, unjustified and do not impact the merger in a significant manner and had accordingly addressed the same before the NCLT.

Indiabulls Real Estate shares nosedive 19% as Nam Estates- Embassy One merger faces delays

The stock falls over 19 per cent at Rs 55.34 apiece on the BSE on Tuesday

Nam Estates-Embassy One merger faces delay, says Indiabulls Real Estate

Stocks In Focus | Indiabulls Real Estate falls over 15% on news that the merger of NAM Estates and Embassy One into co was withheld by NCLT Chandigarh. Sonal Bhutra with the details. Listen in.

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Indiabulls Real Estate Falls In Trade, NCLT Chandigarh Withholds Sanction For Merger | CNBC-TV18

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Indiabulls Real Estate Limited is engaged in the development of real estate projects and allied activities.