Embassy Developments Completes Sale of Sepset Real Estate, Non-Subsidiary Status Effected
Embassy Developments Limited successfully completed the transfer of 100% of the equity share capital of Sepset Real Estate Limited, marking the company’s departure as a subsidiary. The transaction was finalized on April 16, 2026, following the execution of a Share Purchase Agreement (SPA).The sale involved Sepset Real Estate Limited, which is a wholly owned subsidiary of Embassy Developments Limited. The SPA was entered into with Pen India Private Limited, identified as a third party independent buyer, who purchased the entire equity share capital.
According to the company, upon the satisfactory fulfillment of all closing precedents and conditions stipulated under the SPA, the transfer of 100% of the equity share capital of Sepset to the Purchaser was completed on April 16, 2026.
Consequently, effective from April 16, 2026, Sepset Real Estate Limited ceased to be a subsidiary of Embassy Developments Limited.
Embassy Developments Limited, which operates under its current name, was previously known as Equinox India Developments Limited and earlier as Indiabulls Real Estate Limited.
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