Embassy Office Parks REIT raises Rs 3,000 crore via debentures

Date posted: Monday 6 May 2019

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.

(Moneycontrol)