+
Embassy Reit Raises Rs. 10 bn Through Debentures
ECONOMY & POLICY

Embassy Reit Raises Rs. 10 bn Through Debentures

Embassy Office Parks Real Estate Investment Trust (REIT) has raised Rs. 10 bn through the issue of non-convertible debentures (NCDs) to a European bank. The funds will be used to refinance the trust’s existing debt, according to a regulatory filing.

The three-year floating-rate NCDs were fully subscribed by a leading European multinational bank. The securities were issued at an initial coupon rate of 6.97 per cent, providing the trust with a debt-financing instrument linked to prevailing interest rates.

The transaction is the first financing by a scheduled commercial bank to an Indian REIT at the trust level. It follows the Reserve Bank of India’s framework announced in June 2026, which permitted commercial banks to provide financing to REITs.

Amit Shetty, chief executive officer of Embassy Reit, said the fund-raising marked a significant milestone for the trust and reflected the continuing development of India’s REIT market. He added that regulatory support from the Securities and Exchange Board of India and the Reserve Bank of India had strengthened REITs’ access to long-term funding.

Embassy Reit owns and operates a portfolio comprising more than 52 mn square feet of office space. Its properties are spread across Bengaluru, Mumbai, Pune, the National Capital Region and Chennai. The refinancing is expected to support the trust’s existing debt-management strategy while broadening its access to institutional funding sources.

The issue also highlights the changing financing environment for Indian REITs after the regulatory framework was expanded to include commercial bank funding at the trust level. The transaction was completed through privately placed NCDs and represents a direct lending relationship between the bank and the REIT.

Embassy Office Parks Real Estate Investment Trust (REIT) has raised Rs. 10 bn through the issue of non-convertible debentures (NCDs) to a European bank. The funds will be used to refinance the trust’s existing debt, according to a regulatory filing. The three-year floating-rate NCDs were fully subscribed by a leading European multinational bank. The securities were issued at an initial coupon rate of 6.97 per cent, providing the trust with a debt-financing instrument linked to prevailing interest rates. The transaction is the first financing by a scheduled commercial bank to an Indian REIT at the trust level. It follows the Reserve Bank of India’s framework announced in June 2026, which permitted commercial banks to provide financing to REITs. Amit Shetty, chief executive officer of Embassy Reit, said the fund-raising marked a significant milestone for the trust and reflected the continuing development of India’s REIT market. He added that regulatory support from the Securities and Exchange Board of India and the Reserve Bank of India had strengthened REITs’ access to long-term funding. Embassy Reit owns and operates a portfolio comprising more than 52 mn square feet of office space. Its properties are spread across Bengaluru, Mumbai, Pune, the National Capital Region and Chennai. The refinancing is expected to support the trust’s existing debt-management strategy while broadening its access to institutional funding sources. The issue also highlights the changing financing environment for Indian REITs after the regulatory framework was expanded to include commercial bank funding at the trust level. The transaction was completed through privately placed NCDs and represents a direct lending relationship between the bank and the REIT.

Related Stories

Gold Stories

Next Story
Real Estate

Ajyal Holding Acquires 25% Stake in Sterling Ark

Sterling Ark, an independent integrated real estate advisory and project delivery firm, has announced a strategic alliance with Abu Dhabi-headquartered Ajyal Holding. Under the agreement, Ajyal Holding has acquired a 25 per cent stake in Sterling Ark.The alliance is expected to provide Sterling Ark with a broader platform to pursue opportunities and expand its presence across the region. Ajyal Holding operates across real estate, contracting, fit-out, building materials and technology, among other sectors.Sterling Ark provides end-to-end advisory and project delivery capabilities across real e..

Next Story
Infrastructure Urban

YEIDA Allots Land for Five Projects Worth Rs 4.69 bn

A significant step towards converting industrial investment proposals into on-ground projects was taken at the inauguration of the Uttar Pradesh International Trade Show (UPITS) 2026. Union Home and Cooperation Minister Amit Shah presented Letters of Allotment to representatives of five companies investing in the Yamuna Expressway Industrial Development Authority (YEIDA) region.The five projects have been allotted a total of 71,190 sq m of land and involve a proposed investment of Rs 4.69 bn, with the potential to generate 4,625 employment opportunities.C&R Textiles Private Limited has bee..

Next Story
Infrastructure Energy

Hindustan Zinc Restores 1,105 Hectares of Land

Hindustan Zinc Limited has restored 1,105 hectares of land as part of its efforts to integrate ecological restoration with responsible mining. The rehabilitated area, equivalent to more than 1,500 football fields, covers mining and operational landscapes restored through reclamation, plantation, biodiversity enhancement and sustainable land-use practices.The initiatives form part of Hindustan Zinc’s Sustainability Goals 2030 and its broader focus on creating long-term ecological value alongside business growth.Amarendu Prakash, CEO, Hindustan Zinc, said: “The future of mining will increasi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code