India's Embassy Developments rises after MoU with UP government
25/06/2026 07:53
BUZZ-India's Embassy Developments rises after MoU with UP government ** Shares of Embassy Developments EMBS.NS up 3.8% at 64.04 rupees
** If gains hold, stock set to post a third consecutive weekly gain
** The real estate developer signs a memorandum of understanding (MoU) with the Uttar Pradesh government for about 15 billion rupees ($158.77 million)
** MoU under Invest UP framework for a proposed large-scale commercial development in Lucknow
** Volumes at 8 million shares, about 2.6 times the 30-day avg
** YTD, stock up 8.81%
($1 = 94.4750 Indian rupees)
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
Recent news on Embassy Developments
See all newsBrief: Embassy Developments Says Sachin Shah Resigns As CEO Effective December 31, 2026
Brief: Embassy Developments Records 18 Billion Rupees In Pre-Sales At Launch Of Embassy Origins
Brief: Embassy Developments Signs MoU To Sell Residential Tower For 7.11 Billion Rupees
Brief: Embassy Developments To Consider Fund Raising Via Issuance Of Non-Convertible Debentures
Brief: Embassy Developments Launches Embassy Origins, 85-Acre Residential Project In North Bengaluru