Embassy Developments Limited has executed a Share Purchase Agreement dated October 28, 2026 with CP Senior Housing (India) LLC, USA for the acquisition of the remaining 50% equity stake in Embassy Columbia Pacific ASL Private Limited, their existing joint venture.

The company will acquire 1,12,44,599 equity shares of face value ₹10 each, representing the entire 50% stake held by CP Senior Housing, at a consideration of ₹32,65,27,241 (₹32.65 crore). The consideration was arrived at based on the enterprise value of Embassy Columbia and will be settled in cash.

Upon completion of the acquisition, which is subject to customary closing conditions, Embassy Columbia will become a wholly owned subsidiary of Embassy Developments Limited, and the existing joint venture arrangement will stand terminated. The acquisition is intended to consolidate the company's interest in Embassy Columbia and strengthen its control over the entity and operational integration.

Key Details from Annexure A:

Target Entity: Embassy Columbia Pacific ASL Private Limited owns "Embassy Serene Amara," a premium senior living residential project spread across approximately 2.44 acres at Devanahalli, Bengaluru, featuring residences and amenities designed for senior citizens.

Transaction Type: Not a related party transaction as CP Senior is not a related party of the company.

Industry: Construction and development of real estate and allied activities and services, with focus on the senior living segment.

Government Approvals: Not applicable

Completion Timeline: Within the current quarter ending December 31, 2026

Financial Consideration: ₹32,65,27,241 settled in cash

Shareholding Acquired: 1,12,44,599 equity shares representing 50% of paid-up equity share capital

Entity Background:

  • Date of incorporation: April 27, 2021
  • Country of presence: India
  • Turnover history:
  • FY 2025-26: ₹41.87 crore
  • FY 2024-25: Nil
  • FY 2023-24: Nil

The disclosure is made pursuant to Regulation 30 of SEBI LODR Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.