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Embassy REIT raises Rs 36.8 billion (USD 501 Million) unit capital through an Institutional Placement of Units ANI | Updated: Dec 22, 2020 12:25 IST
Bengaluru (Karnataka) [India], December 22 (ANI/BusinessWire India): Embassy Office Parks REIT ( Embassy REIT ), India s first listed REIT and one of the largest in Asia by area, announced today that it has successfully completed a unit capital raise of Rs 36.8 billion (USD 501 million) through an Institutional Placement of units.
The Securities Committee of the Board of Directors of Embassy Office Parks Management Services Private Limited ( EOPMSPL ), Manager to Embassy REIT, approved the issuance and allotment of 111,335,400 new units through this Institutional Placement in a meeting held earlier today, i.e., on December 22, 2020. Trading of these units is expected to commence on or around December 24, 2020 on NSE and BSE exchanges.
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