Embassy Office Parks REIT raises funds through preferential issue at Rs. 356.70 per unit Posted On: 2020-12-23 22:11:01 (Time Zone: Arizona, USA) Pursuant to the resolutions of the Board of Directors of Embassy Office Parks Management Services Private Limited (the "Company"), the Manager of Embassy Office Parks REIT, passed on November 17, 2020 and the resolutions passed by the Unitholders of the Embassy Office Parks REIT on December 10, 2020 approving the issuance of the units of the Embassy Office Parks REIT (the "Units") to each of Mr. Vasudev Garg (28,552,800 units), Mr. Chaitanya Garg (28,552,600 units) and Ms. Radhika Garg (7,787,600 units) (collectively, the "allottees") on a preferential basis in accordance with the SEBI REIT Regulations, the Securities Committee of the Board of Directors of the Company, at its meeting held today, i.e., December 24, 2020, through audio-visual electronic communication has, approved the allotment of 64,893,000 Units to the allottees at a price of ₹356.70 per unit.