Embassy REIT raises Rs 7.5 bn through NCDs

10 Sep 2020 CW Staff

Embassy Office Parks REIT (Embassy REIT) has successfully raised Rs 7.5 billion by way of a private placement of non-convertible debentures (NCD). These debentures will mature in September 2023.

The NCD will be listed on the wholesale debt market of the BSE and they are rupee-denominated, rated, secured, redeemable and transferable.

The board of the Embassy Office Parks Management Services Private Limited (EOPMSPL, Manager to the Embassy REIT) on August 14 had approved the proposal of raising an aggregate of Rs 2 billion via issuance of non-convertible debentures in one or more tranches. With this approval, the aforementioned fund became the second one to be raised through the NCD route.

The volatility of the present bond markets has not stopped embassy REIT to raise financing at competitive rates thus, pointing towards their strong financial health.

Embassy Office Parks REIT is India’s first publicly listed REIT. It was listed in April 2019. It is also the largest in Asia by area. Embassy REIT owns and runs a portfolio of seven infrastructure-like office parks and four city center office buildings across office markets in Bengaluru, Mumbai, Pune, and the National Capital Region (NCR) spanning 33.3 million square feet.

On September 2 FTSE ERA Nareit Global Real Estate Index announced that Embassy REIT will be included in this Index as well.

The FTSE EPRA Nareit Global Real Estate Index Series is an international real estate investment index designed to track the performance of the listed real estate companies in developed as well as emerging countries. The index is jointly managed by the European Public Real Estate Association (EPRA), Financial Times stock exchange group (FTSE) and National Association of Real Estate Investment Trusts (NAREIT). The parameters used by the index for screening include liquidity, size and revenue.

Reportedly the inclusion into this prominent real estate benchmark for global investors will further enhance the REIT’s profile, increase its trading liquidity, broaden its unit holder register and deepen the pools of capital that can potentially invest in the REIT.

Embassy Office Parks REIT (Embassy REIT) has successfully raised Rs 7.5 billion by way of a private placement of non-convertible debentures (NCD). These debentures will mature in September 2023.The NCD will be listed on the wholesale debt market of the BSE and they are rupee-denominated, rated, secured, redeemable and transferable.The board of the Embassy Office Parks Management Services Private Limited (EOPMSPL, Manager to the Embassy REIT) on August 14 had approved the proposal of raising an aggregate of Rs 2 billion via issuance of non-convertible debentures in one or more tranches. With this approval, the aforementioned fund became the second one to be raised through the NCD route.The volatility of the present bond markets has not stopped embassy REIT to raise financing at competitive rates thus, pointing towards their strong financial health.Embassy Office Parks REIT is India’s first publicly listed REIT. It was listed in April 2019. It is also the largest in Asia by area. Embassy REIT owns and runs a portfolio of seven infrastructure-like office parks and four city center office buildings across office markets in Bengaluru, Mumbai, Pune, and the National Capital Region (NCR) spanning 33.3 million square feet.On September 2 FTSE ERA Nareit Global Real Estate Index announced that Embassy REIT will be included in this Index as well.The FTSE EPRA Nareit Global Real Estate Index Series is an international real estate investment index designed to track the performance of the listed real estate companies in developed as well as emerging countries. The index is jointly managed by the European Public Real Estate Association (EPRA), Financial Times stock exchange group (FTSE) and National Association of Real Estate Investment Trusts (NAREIT). The parameters used by the index for screening include liquidity, size and revenue.Reportedly the inclusion into this prominent real estate benchmark for global investors will further enhance the REIT’s profile, increase its trading liquidity, broaden its unit holder register and deepen the pools of capital that can potentially invest in the REIT.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..