Embassy REIT to raise up to ~300 cr via debentures

Embassy Office Parks REIT will raise up to ~300 crore through issue of non-convertible debentures. The company did not disclose where the funds will be utilised. In a regulatory filing, the company said the board of Embassy Office Parks Management Services, the manager to Embassy Office Parks REIT, had in November approved the raising of debt for an aggregate amount up to ~3,641.1 crore in one or more tranches. Out of this, ~2,600 crore was raised earlier as REIT NCD Series-iii.