Embassy Office Parks Management Services Private Limited Approves Issue of Rupee Denominated, Listed, Rated, Secured, Redeemable, Non-Convertible Debentures of Embassy Office Parks REIT
April 23, 2019 at 07:22 am EDT
Share
The Debenture Committee of the Board of Directors of Embassy Office Parks Management Services Private Limited, Investment Manager of Embassy Office Parks REIT which met on April 23, 2019 has approved the issue of rupee denominated, listed, rated, secured, redeemable, non-convertible debentures by the Embassy Office Parks REIT on a private placement basis for an aggregate amount of INR 36,500,000,000/split into two tranches i.e. Tranche A and Tranche B wherein Tranche A shall be for an aggregate amount of INR 30,000,000,000 and Tranche B shall be for an aggregate amount of INR 6,500,000,000.
Embassy Office Parks REIT (Embassy REIT) is an India-based real estate investment trust. Embassy REIT owns and operates 45.4 million square feet (MSF) of nine infrastructure-like office parks and four city-center office buildings in Indiaâs office markets of Bengaluru, Mumbai, Pune, and the National Capital Region. Embassy REITâs portfolio comprises 36.5 MSF of completed operating area and is home to over 255 companies. The portfolio also includes strategic amenities, including four operational business hotels, two under-construction hotels, and a 100 MW solar park that supplies renewable energy to occupiers. Embassy REIT segments include Commercial Offices, Hospitality and Other. Embassy REIT portfolio properties include Embassy Manyata, Embassy TechVillage, Embassy One, Embassy Business Hub, Express Towers, Embassy 247, Embassy TechZone, FIFC, Embassy Quadron, Embassy Qubix, Embassy Oxygen, Embassy Galaxy, Four Seasons at Embassy One, Embassy Splendid TechZone and others.