Embassy Reit raises Rs 2,000 crore to repay NCDs maturing in October

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Embassy Reit raises Rs 2,000 crore to repay NCDs maturing in October - Business Standard

Quick Summary:

Embassy Office Parks REIT has raised Rs 2,000 crore debt to repay non-convertible debentures maturing this month.

Embassy REIT will utilise the proceeds from this debt raise to repay its Non-Convertible Debentures (NCDs) of Rs 2,000 crore maturing in October 2024.

"We are pleased to announce this fundraise of Rs 2,000 crore, which has seen strong participation from mutual funds and banks," said Aravind Maiya, Chief Executive Officer of Embassy REIT.