Embassy REIT Raises Rs 36.8 Billion Unit Capital
<span style="font-weight: 400;">Embassy Office Parks REIT has successfully completed a unit capital raise of Rs 36.8 billion ($501 million) through an Institutional Placement of units. </span> <span style="font-weight: 400;">The Securities Committee of the Board of Directors of Embassy Office Par
Published -
Dec 24, 2020 5:03 AM
Embassy Office Parks REIT has successfully completed a unit capital raise of Rs 36.8 billion ($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 on December 22. Trading of these units is expected to commence on or around December 24 on NSE and BSE exchanges. The Institutional Placement launched witnessed strong demand from both existing as well as new institutional investors, including global and domestic investors, pension funds, insurers, and alternative asset managers. Morgan Stanley India Company Private Limited, Kotak Mahindra Capital Company Limited, BofA Securities India Limited, J.P. Morgan India Private Limited, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited and IIFL Securities Limited served as Joint Bookrunning Lead Managers for the offering.