India's Embassy Developments rises on tribunal staying insolvency proceedings

Embassy Developments

11/12/2025 08:26

** Shares of Embassy Developments EMBS.NS rise 2.4% to 72.16 rupees

** India's National Company Law Tribunal (NCLT) stays insolvency petition filed by Canara Bank CNBK.NS against real estate developer

** Canara Bank had moved the NCLT against Embassy Developments, alleging it guaranteed loans to Sinnar Thermal Power, now in insolvency

** More than 5.2 million shares change hands vs 30-day avg of 4.9 million sahres

** YTD, stock down 37.6%

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))