Embassy Office Parks REIT - EMBASSY OFF.REIT Share Price

Summary

The Embassy REIT was settled on March 30, 2017 at Bengaluru, Karnataka, India as an irrevocable trust under the provisions of the Indian Trusts Act, 1882 pursuant to a Trust Deed dated March 30, 2017 as amended on September 11, 2018. The Embassy REIT was registered with SEBI on August 3, 2017 as a real estate investment trust under Regulation 3 (1) of the REIT Regulations having registration number IN/REIT/17-18/0001. The Embassy REIT has been settled by the Embassy Sponsor for an initial sum of Rs. 500,000. Pursuant to a letter dated August 21, 2018, SEBI took on record the addition of the Blackstone Sponsor to the sponsors of the Embassy REIT. The Embassy Sponsor and the Blackstone Sponsor are the sponsors of the Embassy REIT.EOPMSPL has been appointed as the Manager to the Embassy REIT. EOPMSPL is held by the Embassy Sponsor and certain entities forming part of the Blackstone Sponsor Group. Axis Trustee Services Limited has been appointed as the Trustee to the Embassy REIT.Pursuant to the Formation Transactions, (i) the Portfolio Assets are proposed to be held through the Asset SPVs; and (ii) the Portfolio Investment is reposed to be held through the Holdco, in accordance with the REIT Regulations.The Embassy REIT is the owner of a high quality office portfolio in India that serves as essential corporate infrastructure to multinational tenants and has significant embedded growth prospects. It expects to be the first listed REIT in India upon the listing of its Units on... Read More