Stocks

Embassy REIT – Will others follow suit?

| Updated on March 15, 2019 Published on March 16, 2019

Real estate stocks such as DLF, Oberoi Realty, Godrej Properties and Sobha may remain in focus, as the Bengaluru-based Embassy Property Developments Pvt Ltd, plans to raise ₹4,750 crore from an initial public offering that opens on March 18. The price band for the Embassy Office Parks REIT IPO is ₹299-300 apiece. If the IPO turns successful, market participants expect other realty companies facing huge debt to also raise funds through the REIT route.

Published on March 16, 2019
This article is closed for comments.
Please Email the Editor