In a regulatory filing, Embassy Office Parks REIT informed that the Debenture Committee of the Board of Directors of the manager has approved the allotment of 50,000 non-convertible debentures (NCDs) with a face value of Rs 1 lakh on a private placement basis.
Embassy Office Parks Reit: The committee approved the allotment of 50,000 listed, rated, secured, redeemable, transferable, rupee denominated, non-convertible debentures with a face value of Rs one lakh each by Embassy REIT on a private placement basis.
The regulator recently approved changes to the rules governing real estate and infrastructure investment trusts to make them more acceptable to investors
Embassy Office Parks REIT declared distribution of Rs 509.96 crore or Rs 5.38 per unit for the quarter under review. The distribution comprises Rs 65.40 crore in the form of interest, Rs 225.59 crore in the form of dividend and Rs 218.01 crore in the form of repayment of SPV (special purposed vehicle) level debt.