Embassy Developments jumps 8% on ₹160 crore NCD plan

Embassy Developments shares rose 8% to ₹58.40 after its board approved raising up to ₹160 crore through NCDs via private placement. The company recently announced two Bengaluru housing projects with estimated revenue of ₹4,500 crore, comprising 217 villas and 855 apartments across over 2.6 million sq ft.