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Real Estate

Embassy Office Parks Reit Raises Rs 3,000 Cr Via Debentures | Business Standard News

by business-standard.com posted 2weeks ago 15 views
Embassy Office Parks REIT, India's first listed real estate investment trust, has raised Rs 3,000 crore through private placement of debentures mainly to repay debt. Embassy Office Parks, a joint venture between global investment firm Blackstone and realty firm Embassy Group, is a leading developer of commercial real estate. It launched the country's first real estate investment trust (REIT) to raise Rs 4,750 crore. In a statement, the company said "it has successfully priced and allotted by way of a private placement Rs 30 billion of rupee-denominated, listed, rated, secured, redeemable and non-convertible debentures (NCDs)."

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