Loan & Debt17 Jun 2026, 04:50 pm
Embassy REIT Approves ₹700 Cr Debenture Issuance
AI Summary
Embassy Office Parks REIT's Borrowings Committee has approved the issuance of listed, rated, secured, redeemable, non-convertible debentures worth ₹700 Crores. These debentures will have a tenor of up to 3 years and will be issued on a private placement basis. The proceeds will be used for repaying existing debt and/or for capital expenditure of the REIT's special purpose vehicles. This follows a previous approval to raise up to ₹9,000 Crores in debt.
Key Highlights
- Embassy REIT to issue ₹700 Cr worth of debentures.
- Debentures will be listed, rated, secured, and redeemable.
- Proceeds to fund debt repayment and capital expenditure.
- Issuance is part of a larger ₹9,000 Cr debt raising plan.
Price Impact
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