Tag: Embassy Office Parks REIT

IndustryLatest Stories

Embassy REIT Denies Sterling Wilson’s ₹100-Crore Claim

Embassy Office Parks REIT has dismissed claims from Sterling Wilson Renewable Energy and Sterling Wilson Pvt Ltd regarding a supposed Rs 100-crore payment owed by Embassy Energy Pvt Ltd (EEPL), a subsidiary of the REIT. In a regulatory filing on Tuesday, the REIT described the allegations as “frivolous, false and vexatious,” noting that several judicial forums have already ruled against them. Embassy REIT stated that the dispute originates from 2018, prior to its public offering and before EEPL became part of the trust. Sterling Wilson alleges that EEPL has not fulfilled its payment obligations. However, both the National Company Law…

IndustryLatest Stories

Indian REITs Surpass ₹1 Lakh Crore Market Capitalization

NEW DELHI: As of July 30, 2025, the total market capitalization of all four publicly listed Real Estate Investment Trusts (REITs) in India has surpassed ₹1 lakh crore. The four REITs are Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust. Alok Aggarwal, MD & CEO of Brookfield India Real Estate Trust and chairman of the Indian REITs Association, stated, “This fiscal year has started strongly, fueled by robust leasing activity, high occupancy rates, and continued growth in sector distributions.” According to Q4 FY25 data, India’s REIT market oversees gross assets under…

IndustryLatest Stories

Embassy REIT Q1 FY26 NOI Rises 15%; Amit Shetty Named CEO

NEW DELHI: Embassy Office Parks REIT (Embassy REIT) reported a 15% year-on-year increase in its net operating income (NOI), totaling ₹872 crore for the quarter ending June 30, 2025, according to a BSE filing. The consolidated net total income reached ₹1,080.81 crore in Q1 FY26, compared to ₹981.34 crore in Q1 FY25. The company raised ₹4,225 crore in debt at a blended coupon of 7.18%, which includes a ₹750 crore NCD issuance at a 6.97% coupon. The net consolidated profit after tax was ₹155.16 crore, down from ₹178.76 crore the previous year. The board of directors of Embassy Office Parks…

IndustryLatest Stories

Embassy REIT Secures ₹2,000 Cr via 10-Year NCDs

Representative image created by AI NEW DELHI: Embassy Office Parks REIT (Embassy REIT) has successfully raised ₹2,000 crore through a 10-year non-convertible debenture (NCD). The offering was priced with an effective coupon rate of 7.33% over ten years, featuring a step-up structure of 7.25% for the initial five years, followed by 7.45% for the next five years. The raised funds will be used to refinance existing debts, leading to annual interest savings of approximately 70 basis points (bps). The issuance attracted interest from over 15 prominent institutional investors, including insurance companies, pension funds, and mutual funds, and was oversubscribed by…

IndustryLatest Stories

Embassy REIT Plans ₹20 Billion Bond Sale, Say Sources

MUMBAI: Embassy Office Parks REIT in India is negotiating with bankers to secure 20 billion rupees ($232.79 million) by issuing five-year corporate bonds, according to three sources familiar with the situation, who asked to remain anonymous due to the private nature of the talks. The firm aims to finalize this funding round by the end of the month. Mutual funds and some insurance companies are expected to show strong interest in the debt sale, as the bonds are rated ‘AAA’ by Crisil. Embassy REIT will approach the bond market for the second time this year, following a successful raise of…

IndustryLatest Stories

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…