Saloni Subha ( Intern Journalist ): On Tuesday Embassy office parks Reit said it has raised Rs 70 cr through debentures on a private placement basis and will utilities the funds for completing ongoing commercial projects and a recent acquisition.
However, Embassy Reit is the country’s first listed Reit (Real-estate Investment Trust ) and the largest in Asia by area. In April it got listed after raising RS 4,750 crore through public issue. “Successfully priced and allotted by a way of a private placement, RS 750 crore of rupee-dominated, listed, secured redeemable debentures ( NCDs) at 6.70% quarterly coupon.
About Post Author
