Embassy Developments to acquire balance 50% stake in Embassy Columbia

Embassy Developments has executed a Share Purchase Agreement dated 28 October 2026 (SPA) with CP Senior Housing (India) LLC, USA (CP Senior), for the acquisition of 1,12,44,599 equity shares of face value Rs 10 each, representing the entire 50% equity stake held by CP Senior in Embassy Columbia Pacific ASL (Embassy Columbia), a joint venture of the Company in which the Company presently holds the remaining 50% equity stake, at an agreed consideration of Rs 32.65 crore, arrived at on the basis of the enterprise value of Embassy Columbia, to be settled in cash.

Upon consummation of the proposed acquisition, which remains subject to the satisfaction of customary closing conditions and the occurrence of closing in terms of the SPA, Embassy Columbia will become a wholly owned subsidiary of the Company and the existing joint venture arrangement in relation to Embassy Columbia 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.

Embassy Columbia owns a project ?Embassy Serene Amara?, a premium senior living residential project spread across ~2.44 acres at Devanahalli, Bengaluru, featuring residences and amenities designed to cater to the lifestyle and care requirements of senior citizens.