India's Embassy Developments rises after real estate regulatory approval

Embassy Developments

17/02/2026 05:08

** Shares of Embassy Developments Ltd EMBS.NS rise as much as 3.6% to 65.5 rupees
** Co gets approval from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for Phase I of its residential project in Alibaug
** Adds, overall project has estimated gross development value of 4 bln rupees ($44.1 mln)
** EMBS last up 0.8%, adding to YTD gains of 7.5%

($1 = 90.7600 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))