NEW DELHI: The board of directors of Equinox India Developments (Equinox India) have approved the appointment of Jitendra Mohandas Virwani, chairperson of Embassy Group & promoter of the company, as non-executive non-independent director on the board with effect from January 25, 2025.
Further, the company has also completed allotment of 60,91,05,999 fully paid equity shares, to the shareholders of NAM Estates, in accordance with the merger scheme.
With this, Embassy Group has become the new promoter with 41.4% controlling stake.
The company has presence across major markets of Mumbai Metropolitan Region (MMR), Bengaluru, Chennai, National Capital Region (NCR), other tier-II cities and has a mix of residential and commercial assets.
Top public holders of the company include Florence 7%, Blackstone 6%, Baillie Gifford 5.8% and Quant MF 2.7%.
