Embassy Developments promoter Jitendra Virwani buys 348,500 shares on market
As filed · Acquisition of Equity Shares by the Promoter of the Company - Disclosure pursuant to Regulation7(2)(b) of SEBI (Prohibition of Insider Trading) Regulations, 2015.
What happened
FactJitendra Virwani, promoter and Chairman & Non-Executive Director, acquired 3,48,500 equity shares of Embassy Developments through the open market on September 30, 2026. His disclosed holding rose from 10,34,470 shares (0.07%) to 13,82,970 shares (0.10%).
Why it matters
CapitSignal interpretationAn acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
DelayedEmbassy Developments Ltd. (NSE: EMBDL / BSE: 532832) will launch six new residential projects valued at ~₹10,300 crore in North Bengaluru, reinforcing its strong growth trajectory for FY26.
We expect to launch 4 of these 11 projects in the current quarter, which is Q2.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Consideration and how it is funded
- Revenue and profit of the target
- Expected completion date
- Embassy Developments Ltd. (NSE: EMBDL / BSE: 532832) will launch six new residential projects valued at ~₹10,3 (management committed by FY26)
- With an estimated FY27 launch pipeline of nearly ₹19,400 crore GDV, EDL remains on track to achieve its FY27 g (management committed by FY27)
Evidence
- Acquisition of Equity Shares by the Promoter of the Company - Disclosure pursuant to Regulation7(2)(b) of SEBI (Prohibition of Insider Trading) Regulations, 2015.(opens the original filing in a new tab)
- Earlier statement · FY26
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- The promoter's open-market purchase increased his disclosed shareholding by 3,48,500 shares, though the resulting holding remains 0.10%.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%