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Embassy REIT board approves fundraise of Rs.1,000-Cr through NCDs
Source Mint (opens in a new tab)
The board of Embassy Office Parks REIT, India's first listed real estate investment trust, has approved fund-raising of up to INR 1000 crore, through the issuance of listed, secured, redeemable and rupee-denominated non-convertible debentures (NCDs).
The funds would be used towards growth initiatives including development and acquisitions, investment in the holding company, special purpose vehicles or the investment entity of the Embassy REIT.