India's Embassy Developments drops as court reopens land dispute case
17/06/2026 08:05
BUZZ-India's Embassy Developments drops as court reopens land dispute case ** Shares of India's Embassy Developments EMBS.NS fall 3.25% to 64.31 rupees; set to snap three sessions of gains
** Co says Karnataka High Court set aside an earlier ruling that had favoured co in a dispute over 78 acres of land held by its subsidiary in Bengaluru city
** Court says dispute will now be reconsidered, with all issues remaining open for review
** Co notes no final decision has been made on the validity of govt's move to take back the land and it will pursue legal remedies
** YTD stock down 9.3%
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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