Embassy REIT Acquires 8,048 Sq Ft Commercial Space in Mumbai for ₹48.28 Cr

Embassy Office Parks REIT (Embassy REIT), through its Special Purpose Vehicle Earnest Towers Private Limited (ETPL), has approved the acquisition of 8,048 sq. ft. of saleable area on the ground floor of First International Financial Centre (FIFC) in Mumbai's Bandra Kurla Complex. The purchase consideration is ₹482.88 million (₹48.28 Crore). This acquisition, which is not a related party transaction, aims to consolidate and expand Embassy REIT's presence in the prime commercial hub. The transaction is compliant with SEBI REIT Regulations and does not require unitholder approval. The acquisition is of commercial premises, not an entity, hence turnover details are not applicable.