Embassy Group sells 4% in REIT to Bain Capital for Rs.1,250-Cr

Embassy Property Developments Pvt Ltd, a Bengaluru-based commercial office and residential real estate development firm, has raised INR 1,250 crore from Bain Capital by selling 4% stake in publicly listed Embassy Office Parks REIT. Post the stake sale, Embassy Property Development will hold 8% stake in the REIT