Embassy REIT to enter into Rs 950 cr debt financing deal with its investment entity


The board of directors of Embassy Office Parks Management Services, manager of Embassy Office Parks REIT (Embassy REIT), at its meeting on March 29, 2022, notably approved a debt financing agreement between Embassy REIT and its management entity. investment, Golflinks Software Park (GLSP) for an aggregate amount of up to Rs 950 crore, under which Embassy REIT is offering to subscribe for unlisted non-convertible debentures issued by GLSP (REIT Debt Financing).

The principal terms of the REIT’s debt financing, which Embassy REIT will undertake on an arm’s length basis.

Powered by Capital Market – Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Source link


About Author

Comments are closed.