Embassy REIT raises Rs 1,000 crore in first bank financing at trust level

Embassy Office Parks REIT successfully raised Rs 1,000 crore through floating-rate non-convertible debentures in a notable transaction. This marks the first time an Indian REIT accessed funding from a scheduled commercial bank at the trust level. The funds were subscribed entirely by a European multinational bank and represent a significant milestone for the REIT sector. This funding method enhances the...