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Broker's call: Embassy REIT (Buy) - The Hindu BusinessLine

Broker s call: Embassy REIT (Buy)
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Updated on
CMP: ₹334.04
As per an exchange announcement, Embassy Office Parks REIT (Embassy REIT) has received approval from the National Company Law Tribunal in relation to its composite scheme of arrangement among its entities that restructures and simplifies the ownership of key portfolio assets, including Embassy Manyata, Bengaluru and Embassy TechZone, Pune.
Manyata SPV, which is the largest asset in terms of size in the REIT with 11.8 msf of completed area and area under development of 3.1 msf will now have a simplified holding structure, with the REIT having direct ownership of the asset. As per current regulations, dividend distribution tax is only exempt when it is paid by an SPV to the REIT and not when there is a 3-tier ownership structure. ....

Embassy Manyata , National Company Law Tribunal , Embassy Techzone , Embassy Office Parks , Icici Securities , Embassy Reit , தூதரகம் மன்யாட்டா , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , தூதரகம் தொழில்நுட்ப மண்டலம் , தூதரகம் அலுவலகம் பூங்காக்கள் , இஸிசீ பத்திரங்கள் , தூதரகம் ரேட் ,

Embassy Office Parks REIT - Share of dividend to rise going ahead - ICICI Securities

Embassy Office Parks REIT - Share of dividend to rise going ahead - ICICI Securities
Posted On:
2021-03-09 08:58:59
(Time Zone: Arizona, USA)
As per an exchange announcement, The Embassy Office Parks REIT (Embassy REIT) has received approval from the National Company Law Tribunal ( NCLT ) in relation to its composite scheme of arrangement among its entities that restructures and simplifies the ownership of key portfolio assets, including Embassy Manyata, Bengaluru and Embassy TechZone, Pune. Post the expected completion of collapsing the Manyata SPV shareholding into a two-tier structure, we expect the overall share of tax-free dividends plus SPV debt amortization to rise from ~62% in 9MFY21 to between 70-75% from FY22E onwards. We upgrade our rating to BUY from ADD with an unchanged target price of Rs400/unit as we have already built-in the collapsing of the Manyata shareholding structure in our estimates from FY22E onwards. At CMP of Rs329, the Embassy REIT ....

United States , Manyata Promoters Private Limited , Embassy Techzone , Embassy Office Parks , Registrar Of Companies , Embassy Manyata , Embassy Techvillage , National Company Law Tribunal , Embassy Pune Techzone Private Limited , Embassy Office Parks Private Limited , Time Zone , Special Economic , Mutual Funds , New Issue , Public Issue , Rights Issue , Stock Markets , Post Office , National Savings Scheme , Kisan Vikas Patra , Public Provident Fund , Goi Senior Citizens Savings Scheme , 8 Bonds , Tax Plan , Investor Forum , ஒன்றுபட்டது மாநிலங்களில் ,

Embassy Office Parks: Embassy REIT receives regulatory approval for simplifying the holding structure of Embassy Manyata

Embassy REIT had initiated the scheme to simplify its holding structure by reducing the shareholding tiers and to increase the dividend component of its Unitholders. ....

Business News , Breaking News Events , Latest News Updates , Economic Times , Economic Times News App , Daily Market Updates , Live Business , Embassy Office Parks , Embassy Manyata , Embassy Techzone , National Company Law Tribunal , Manyata Promoters , வணிக செய்தி , உடைத்தல் செய்தி நிகழ்வுகள் , சமீபத்தியது செய்தி புதுப்பிப்புகள் , பொருளாதார முறை , பொருளாதார முறை செய்தி செயலி , தினசரி சந்தை புதுப்பிப்புகள் , வாழ வணிக , தூதரகம் அலுவலகம் பூங்காக்கள் , தூதரகம் மன்யாட்டா , தூதரகம் தொழில்நுட்ப மண்டலம் , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , மன்யாட்டா ப்ரமோடர்ஸ் ,

Embassy REIT gets regulatory approval for simplifying ownership of key portfolio assets

Embassy REIT gets regulatory approval for simplifying ownership of key portfolio assets
March 06, 2021
Mike Holland, CEO, Embassy REIT×
Embassy Office Parks REIT (Embassy REIT), a publicly listed REIT company, has announced that it has received approval from the National Company Law Tribunal (NCLT) in relation to its composite scheme of arrangement among its entities that restructures and simplifies the ownership of key portfolio assets, including Embassy Manyata and Embassy TechZone.
Embassy REIT had initiated the scheme to simplify its holding structure by reducing the shareholding tiers and to create value for its unit holders.
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‘Creating long-term value’
Michael Holland, CEO of Embassy REIT, said, “We are pleased to deliver on our commitment to complete this key restructuring exercise within the targeted time frame of March 2021. This milestone enables us to significantly increase the dividend component as a proportion of our overall quar ....

Michael Holland , Manyata Promoters Private Limited , Embassy Techzone , Embassy Office Parks , Registrar Of Companies , Embassy Manyata , National Company Law Tribunal , Embassy Pune Techzone Private Limited , Embassy Office Parks Private Limited , Special Economic , Embassy Office Parks Reit , Embassy Reit , மைக்கேல் ஹாலண்ட் , மன்யாட்டா ப்ரமோடர்ஸ் ப்ரைவேட் வரையறுக்கப்பட்டவை , தூதரகம் தொழில்நுட்ப மண்டலம் , தூதரகம் அலுவலகம் பூங்காக்கள் , பதிவாளர் ஆஃப் நிறுவனங்கள் , தூதரகம் மன்யாட்டா , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , தூதரகம் புனே தொழில்நுட்ப மண்டலம் ப்ரைவேட் வரையறுக்கப்பட்டவை , தூதரகம் அலுவலகம் பூங்காக்கள் ப்ரைவேட் வரையறுக்கப்பட்டவை , சிறப்பு பொருளாதார , தூதரகம் அலுவலகம் பூங்காக்கள் ரேட் , தூதரகம் ரேட் ,