Embassy Group, Indiabulls Real Estate await NCLT nod for merger.

Embassy Group and Indiabulls Real Estate entities, Embassy One Commercial Property Developments Pvt Ltd and NAM Estates Private Limited, have sought permission from the National Company Law Tribunal's (NCLT) for their merger.

The proposed merger has received all other regulatory permissions.

In a regulatory filing, Indiabulls Real Estate said that after receipt of applicable regulatory approvals from BSE Limited (BSE), National Stock Exchange of India (NSE), Competition Commission of India (CCI) and the Securities and Exchange Board of India (SEBI), today the firm has filed the requisite joint application with the jurisdictional bench of NCLT, for its permission to the scheme of merger.

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