Embassy Office Parks REIT

The deal value is estimated to be at Rs 1200 crore according to sources

Budget seeks to bring debt repayment component of these trusts into the tax net

The REIT has 6.6 million sq ft in the development pipeline

Said to be in talks with Bain Capital; PE firm monetising some of its profitable holdings as it seeks to launch REITs of its own wholly-owned assets

A deal will be Blackstone's latest stake reduction in India REIT

Abu Dhabi's sovereign wealth fund is likely to pick up at least half of the stake

Evaluating acquisitions in Chennai and Hyderabad

To distribute ₹5.33/unit to unitholders Embassy REIT declares a distribution of ₹5.33 per unit to unitholders

The hospitality sector is also witnessing an improvement with occupancy rates up at 40-50%

Currently, Embassy REIT is developing a total of 4.6 million square feet area.

The average cost of its gross debt of around ₹11,500 crore has come down to 6.8 per cent from the original 9.4 per cent at the time of listing