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Embassy REIT guides for lower leasing in FY25 - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Portfolio stands at $6.7 bn in India since 2016, Canadas 2nd largest pension fund looks to deploy $4 bn in realty, infra in as many years. India according to the investment veteran must strive to become a lower-cost producer in higher skilled industries. CDPQ CEO Charles Emond is confident that the firm will be able to maintain the investment momentum over the next 5 years, which may put India as the largest investment destination in APAC, growing "pretty fast compared to other destinations." ....
The shares however, pared their losses as the session proceeded and at 11:20 the Embassy Office was down by 0.22% and was trading at Rs 335 on the NSE. ....
Read about Blackstone selling a Rs 6,100-crore stake in Embassy REIT and IndusInd Bank exiting Nippon Life AMC. The article covers the details of the block deals and the major buyers involved. ....
The floor price for the sale has been set at Rs 310 a share, and Kotak Mahindra Capital and IIFL Capital are the advisors to the mega deal. The floor price is at a discount of nearly 8% to the current market price. The units of Embassy Parks REIT ended 3.4% higher on the BSE at Rs 335.54. ....