Loan & Debt10 Sept 2026, 06:00 pm
Embassy REIT Not Exercising ₹1000 Cr NCD First Call Option
AI Summary
Embassy Office Parks REIT (Embassy REIT) has informed the exchange that it will not exercise the First Call Option for its Series VI Non-Convertible Debentures (NCDs) worth ₹1000 Crores. Consequently, no redemption of these debentures will occur on the First Call Option Date, October 5, 2026. This decision was made in accordance with the Debenture Trust Deed and SEBI regulations. This implies the REIT intends to continue servicing this debt beyond the initial call option date.
Key Highlights
- Embassy REIT will not redeem ₹1000 Cr NCDs on October 5, 2026.
- The First Call Option under the Debenture Trust Deed will not be exercised.
- This decision impacts the planned debt servicing schedule for the REIT.
- The REIT is adhering to SEBI regulations for NCDs.
Price Impact
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