Bain Capital sells 1.9% stake in Embassy REIT for ₹691 crore


NEW DELHI: On Thursday, private investment firm Bain Capital divested 1.9% of its unitholding in Embassy Office Parks REIT for ₹691 crore via an open market transaction.

Bain Capital, based in the US, sold just over 1.78 crore units through its affiliate, APAC Company XXIII, representing 1.87% of its stake in Embassy Office Parks REIT in Bengaluru, according to bulk deal data from the BSE.

The units were sold at an average price of ₹388 each, resulting in a total deal value of ₹691.41 crore.

The identities of the buyers for these units remain unknown on the exchange. Following the sale, shares of Embassy Office Parks REIT fell by 1.95%, closing at ₹390.16 on the BSE.

In the previous month, Embassy Office Parks REIT announced it had successfully raised ₹1,550 crore through the issuance of debentures and term loans aimed at refinancing existing debt and reducing interest expenses.

This fundraising included ₹750 crore through non-convertible debentures, priced at a coupon rate of 6.97%, along with an ₹800 crore term loan from a prominent bank offering a floating interest rate of 7.40% over a duration of 15 years.

Embassy REIT operates a portfolio of 51.1 million square feet across 14 office parks located in Bengaluru, Mumbai, Pune, Delhi-NCR, and Chennai, with 40.3 million square feet currently in operation.

  • Published On Jul 11, 2025 at 09:01 AM IST

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