Embassy REIT Raises Rs 3,680 Crore To Part Fund Acquisition Of IT Park
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Embassy REIT completes fund raise of $501 million
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Proceeds to help with ETV acquisition
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Proceeds to help with ETV acquisition Embassy REIT said on Monday that it had completed a capital raise of $501 million through an Institutional Placement of units.
The Securities Committee of the board of Embassy Office Parks Management Services Private Ltd., manager to Embassy REIT, approved the issuance and allotment of 111,335,400 new units through this placement on December 22, the company said in a release.
Trading of these units is expected to commence on or about December 24 on the National Stock Exchange and the BSE.
Embassy REIT raises $501 million through Institutional Placement of Units
Updated:
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December 22, 2020 13:31 IST
Trading of these units is expected to commence on or around December 24 on NSE and BSE exchanges.
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Trading of these units is expected to commence on or around December 24 on NSE and BSE exchanges. Embassy REIT said on December 21 that it completed a unit capital raise of $501 million through an Institutional Placement of units.
The Securities Committee of the Board of Directors of Embassy Office Parks Management Services Private Limited (EOPMSPL), Manager to Embassy REIT, approved the issuance and allotment of 111,335,400 new units through this Institutional Placement on December 22 said the company in a release.
Embassy REIT raises $501mn via institutional placement of units
By IANS |
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Tue, Dec 22 2020 11:42 IST |
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Dollar.. Image Source: IANS News
Bengaluru, Dec 22 : Embassy Office Parks REIT on Tuesday announced it has successfully completed a unit capital raise of $501 million through an institutional placement of units.
The Securities Committee of the Board of Directors of Embassy Office Parks Management Services Private Limited, Manager to Embassy REIT, approved the issuance and allotment of over 11.13 crore new units through this institutional placement in a meeting held on Tuesday, the Embassy REIT said in a regulatory filing.
Trading of these units is expected to commence on or around December 24, 2020 on NSE and BSE.
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