Embassy Office Parks REIT Approves Issuance of Commercial Papers
The Board of Directors of the Manager of Embassy Office Parks REIT has approved the issuance of listed, rated, redeemable, transferable, rupee denominated Commercial Papers (CPs).The Debenture Committee of the Board of Directors of the Manager held a meeting on April 07, 2026. During this meeting, the committee approved the issuance of Commercial Papers for an aggregate amount of ₹1,100 Crores.
The issuance is structured in two tranches under the CP Tranche X Issue:
- CP Tranche X Issue A: ₹650 Crores, with a tenure of 347 days from the deemed date of allotment.
- CP Tranche X Issue B: ₹450 Crores, with a tenure of 342 days from the deemed date of allotment.
The funds generated from the CP Tranche X Issue are designated for the repayment of existing debt and for the working capital purposes of Embassy REIT, its SPVs, and Holdco.
Previously, the Board of Directors of Embassy Office Parks Management Services Private Limited, Manager to Embassy Office Parks REIT, had approved the raising of debt up to an aggregate amount of ₹10,500 crores through various modes for any purposes permitted by applicable law, including refinancing existing debt.
EMBASSY Stock Price Movement
Today, Embassy Office Parks REIT shares edged higher to close at ₹429.85, gaining ₹0.02 in after-hours trading. The stock traded on a volume of 322,322 shares today, finding support within a daily range established between ₹425.5 and ₹430.Source:
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