EMBASSY OFFICE PARKS REGISTERS REIT WITH MARKET REGULATOR

BENGALURU/MUMBAI: Embassy Office Parks real estate investment trust was registered with the Securities and Exchange Board of India (Sebi) on Friday, making it the first such realty trust in India to be accorded registration by the market regulator. Embassy Office Parks, which includes a clutch of marquee office parks, namely Embassy Manyata Business Park and Embassy GolfLinks in Bengaluru, is an investment partnership between Embassy Group and global investor Blackstone Group Lp, along with other stakeholders. Embassy had applied to Sebi for approval to register its REIT in October 2016.